Microhard has issued a bond with the following characteristics:

Par: $1,000

Time to maturity: 5 years

Coupon rate: 8 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.):

		Price of the Bond
a.	8 percent	$
b.	10 percent	$
c.	6 percent	$