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Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 14 years Coupon rate: 10 percent Semiannual payments Calculate the
Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 14 years Coupon rate: 10 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. 10 percent b. 12 percent C. 8 percent
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Forensic Accounting and Fraud Examination
Authors: Mary Jo Kranacher, Richard Riley, Joseph T. Wells
1st edition
047043774X, 978-0470437742
