Question: value: 1.00 points Problem 8-2 Valuing Bonds Microhard has issued a bond with the following characteristics. Par $1,000 Time to maturity: 12 years Coupon rate:

value: 1.00 points Problem 8-2 Valuing Bonds Microhard has issued a bond with the following characteristics. Par $1,000 Time to maturity: 12 years Coupon rate: 7 percent Semiannual payments Calculate the price of this bond if the YTM is (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): Price of the Bond $ a. 7 percent b. 9 percent c. 5 percent $ S References eBook & Resources Worksheet Dimculty: 1 Basic Problem 8-2 Valuing Bonds Section: 8.1 Bonds and Bond Valuation

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