Question: Question 1 ( 5 Points ) Microhard has issued a bond with the following characteristics: Par: $ 1 , 0 0 0 Time to maturity:

Question 1(5 Points) Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 17 years Coupon rate: 8 percent Semiannual payments Calculate the price of this bond if the YTM is 11%.

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