The bonds of microhard inc carry a 10 coupon paid
The bonds of Microhard, Inc. carry a 10% coupon paid semiannually, a $1,000 face value and mature in 4 years. Bonds of equivalent risk yield 7%. What is the market value of Microhard’s bonds? (show procedure)
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the bonds of microhard inc carry a 10 coupon paid semiannually a 1000 face value and mature in 4 years bonds of
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