Valuing Bonds

Microhard has issued a bond with the following characteristics:

Par: $1,000

Time to maturity: 6 years

Coupon rate: 9 percent

Semiannual payments

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. 9 percent

b. 11 percent

c. 7 percent

DO NOT COPY FROM CHEGG I NEED A FULL EXPLANATION