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please help!! 2 Microhard has issued a bond with the following characteristics:...

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Finance

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2 Microhard has issued a bond with the following characteristics: 12.5 points 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.); Book Print References a. 7 percent b. 9 percent c. 5 percent

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