Microhard has issued a bond with the following


Microhard has issued a bond with the following characteristics:

Par: $1,000

Time to maturity: 25 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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Macroeconomics: Microhard has issued a bond with the following
Reference No:- TGS0659778

Now Priced at $15 (50% Discount)

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