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FinanceQ&A LibraryMicrohard has issued a bond with the following characteristics: Par: $1,000Time to maturity: 5 yearsCoupon rate: 8 percentSemiannual 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.) Price of the Bond a. 8 percent $ b. 10 percent $ c. 6 percent $Start your trial now! First week only $4.99!*arrow_forward*

Question

Microhard has issued a bond with the following characteristics:

Par: $1,000

Time to maturity: 5 years

Coupon rate: 8 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.)**

Price of the Bond | |||

a. |
8 percent | $ | |

b. |
10 percent | $ | |

c. |
6 percent | $ | |

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