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Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 15 years Coupon rate: 7 percent Semiannual payments Calculate the price

Microhard has issued a bond with the following characteristics:
Par: $1,000
Time to maturity: 15 years
Coupon rate: 7 percent
Semiannual payments
Calculate the price of this bond if the YTM is (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)):

Price of the Bond
a. 7 percent $
b. 9 percent $
c. 5 percent $

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