Question: 2. Valuing Bonds Microhard has issued a bond with the following characteristics: Par: $ 1,000 Time to maturity: 15 years Coupon rate 7 % Semiannual

2. Valuing Bonds Microhard has issued a bond with the following characteristics: Par: $ 1,000 Time to maturity: 15 years Coupon rate 7 % Semiannual payments Calculate the price of this bond if the YTM is: a. 7% b. 9% c. 5%

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