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Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 10 years Coupon rate: 13 percent Semiannual payments 13%, 15% and

Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 10 years Coupon rate: 13 percent Semiannual payments 13%, 15% and 11%

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