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Microhard has issued a bond with the following characteristics: Par: $ 1 , 0 0 0 Time to maturity: 1 5 years Coupon rate: 7

Microhard has issued a bond with the following characteristics:

Par: $

1, 000

Time to maturity:

15

years

Coupon rate:

7

percent

Semiannual payments

Calculate the price of this bond if the YTM is:

7

percent

10

percent

3

percent

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