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Business, 12.03.2020 17:12 antcobra

Microhard has issued a bond with the following characteristics:
Par: $1,000
Time to maturity: 15 years
Coupon rate: 7 percent
Semiannual payments
Required:
1. Calculate the price of this bond if the YTM is: a. 10 percent b. 12 percent c. 8 percent

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Microhard has issued a bond with the following characteristics:
Par: $1,000
Time to ma...
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