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Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity. 5 years Coupon rate: 8 percent Semlannual payments Calculate the price

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Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity. 5 years Coupon rate: 8 percent Semlannual payments Calculate the price of this bond if the YTM is (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $sign in your response.)

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