Valuing Bonds, Micro hard has issued a bond with the

Valuing Bonds, Micro hard has issued a bond with the following characteristics
PAR …………………….. $1,000
Time to Maturity …….. 30 years
Coupon rate …………. 7 percent
Semiannual payments
Calculate the price of this bond if the YTM is:
a. 7 percent
b. 9 percent
c. 5 percent

$1.99
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  • CreatedFebruary 08, 2013
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