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2. Valuing Bonds Microhard has issued a bond with the following characteristics Par: $1,000 Time to maturity: 23 years Coupon rate: 7 percent Semiannual payments

2. Valuing Bonds Microhard has issued a bond with the following characteristics Par: $1,000 Time to maturity: 23 years Coupon rate: 7 percent Semiannual payments Calculate the price of this bond if the YTM is a. 7 percent

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