Microhard has issued a bond with the following characteristics:

Par: $1,000

Time to maturity: 12 years

Coupon rate: 7 percent

Semiannual payments

Required:

Calculate the price of this bond if the YTM is (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):

A. 7 percent

B. 9 percent

C. 5 percent

Required:

Calculate the price of this bond if the YTM is (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):