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Microhard has issued a bond with the following characteristics Par: $1,000 Time to maturity: 10 years Coupon rate: 13 percent Semiannual payments Calculate the price

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Microhard has issued a bond with the following characteristics Par: $1,000 Time to maturity: 10 years Coupon rate: 13 percent Semiannual payments Calculate the price of this bond if the YTM is (Do not round intermediate calculations a answers to 2 decimal places, e.g., 32.16.): Price of the Bond a. 13 percent b. 15 percent c. 11 percent

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