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Microhard has issued a bond with the following characteristics: Par. $1000 Time to maturity:20 years Coupon Rate:7 percent Semiannual payments Calculate the price of this

Microhard has issued a bond with the following characteristics:

Par. $1000

Time to maturity:20 years

Coupon Rate:7 percent

Semiannual payments

Calculate the price of this bond if the YTM is

7%

9%

5%

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