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Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 19 years Coupon rate: 7 percent Semiannual payments Calculate the price
| Microhard has issued a bond with the following characteristics: |
| Par: $1,000 |
| Time to maturity: 19 years |
| Coupon rate: 7 percent |
| Semiannual payments |
| Calculate the price of this bond if the YTM is (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): |
| a. | 7 percent | |
| b. | 10 percent | |
| c. | 4 percent | |
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Ethics In Finance
Authors: John R. Boatright
3rd Edition
1118615824, 978-1118615829
