Question

**BOND VALUATION**

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 11% semiannual coupon, 15 years to maturity, and an 9.5% YTM. What is the bond's price? Round your answer to the nearest cent.

Answer #1

**Answer-**

**Nesmith Corporation's outstanding bonds**

**Face value = Par value = FV = $ 1000**

**Coupon payments = PMT = 11 % / 2 x $ 1000 = 5.5 % x $
1000 = 0.055 x $ 1000 = $ 55 [ semiannual payments ]
Number of periods = N =15 x 2 = 30 [ semiannual periods ]
Yield to maturity = YTM = I/Y = 9.5 % / 2 = 4.75 % [ semiannual
interest rate ] **

**Bonds price = Present value = PV =?**

**Sunbstituting all values in financial calculator we
get**

**Present value = PV = $ 1118.65**

**Therefore the bonds price = $ 1118.65**

Bond valuation Nesmith Corporation's outstanding bonds have a
$1,000 par value, a 6% semiannual coupon, 16 years to maturity, and
an 10.5% YTM. What is the bond's price? Round your answer to the
nearest cent.

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Nesmith Corporation's outstanding bonds have a $1,000 par value,
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