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Valuing Bonds Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 23 years Coupon rate: 7 percent Semiannual payments Calculate

Valuing Bonds

Microhard has issued a bond with the following characteristics:

Par: $1,000 Time to maturity: 23 years Coupon rate: 7 percent Semiannual payments Calculate the price of this bond if the YTM is

7 percent

9 percent

5 percent

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