Microhard has issued a bond with the following
Microhard has issued a bond with the following characteristics:
Par: $1,000
Time to maturity: 25 years
Coupon rate: 7 percent
Semiannual payments
Calculate the price of this bond if the YTM is:
7 percent
9 percent
5 percent
Now Priced at $15 (50% Discount)
Recommended (96%)
Rated (4.8/5)
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