Microhard has issued a bond with the following characteristics:Par: $1,000Time to maturity:12 yearsCoupon rate: 7 percentSemiannual paymentsCalculate the price of this bond if the YTM is(Do not round intermediate calculations and round your answersto 2 decimal places, e.g., 32.16.):

Price of the Bond

a.7 percent$

b.9 percent$

c.5 percent$