Question: 1. Valuing Bonds Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 15 years Coupon rate: 7 percent Semiannual payments

1. Valuing Bonds Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 15 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 percentSettlement date Maturity date Annual coupon rate Coupons per year a) Yield to maturity b) Yield to maturity c) Yield to maturity

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