Calculate the price of this bond if the ytm is

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Reference no: EM13321107

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

Reference no: EM13321107

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