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Microhard has issued a bond with the following characteristics: Par Value; $1000 Time to maturity: 12 years Coupon rate: 7 percent a. Calculate the price

Microhard has issued a bond with the following characteristics: Par Value; $1000 Time to maturity: 12 years Coupon rate: 7 percent a. Calculate the price of this bond if the YTM is 9 percent. b. If yo...

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