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From Corporate Finance. 9th ed. (2010). By Ross, et al... 8.2. Valuing Bonds. Microhard has issued a bond with the following characteristics: Par: $1,000 Time

From Corporate Finance. 9th ed. (2010). By Ross, et al... 8.2. Valuing Bonds. Microhard has issued a bond with the following characteristics: Par: $1,000 Time to Maturity: 25 years Coupon rate: 7 years Semiannual payments Calculate the price of this bond if the YTM is: a. 7 percent b. 9 percent c. 5 percent

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