Question: 2. Valuing Bonds Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 30 years Coupon rate: 7 percen Semiannual payments

2. Valuing Bonds Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 30 years Coupon rate: 7 percen Semiannual payments Calculate the price of this bond if the YTM is: a. 7 percent b. 9 percent c.5 percent

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