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Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 22 years Coupon rate: 10 percent Semiannual payments a. 10 percent

Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 22 years Coupon rate: 10 percent Semiannual payments a. 10 percent b. 13 percent c. 7 percent

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