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Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 11 years Coupon rate: 9 percent Semiannual payments Calculate the price
| Microhard has issued a bond with the following characteristics: |
| Par: $1,000 |
| Time to maturity: 11 years |
| Coupon rate: 9 percent |
| Semiannual payments |
Calculate the price of this bond if the YTM is (Do not round intermediate calculations and round your finalanswers to 2 decimal places. (e.g., 32.16)): |
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Case Studies in Finance Managing for Corporate Value Creation
Authors: Robert F. Bruner, Kenneth Eades, Michael Schill
7th edition
007786171X, 77861711, 978-0077861711
