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Calculate price of bond if stated annual interest rate

Problem: Microhard has issued a bond with the following characteristics:

Principal $1,000
Time to maturity: 20 years
Coupon rate: 8 percent, compounded semiannually
Semiannual payments

Calculate the price of this bond if the stated annual interest rate, compounded semiannually, is

a. 8 percent
b. 10 percent
c. 6 percent

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Finance Basics: Calculate price of bond if stated annual interest rate

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