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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

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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 the YTM is (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): Price of the B a. 7 percent b. 9 percent c. 5 percent References eBook & Resources Difficulty: Basic Worksheet Check my work

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