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

Microhard has issued a bond with the following characteristics: Par: $1,000. Time to maturity: 7 years. Coupon rate: 10 percent. Semiannual payments. Calculate the price of this bond if the YTM is 10 percent

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