Microhard-has-issued-a-bond-with-the-following-characteristics-business-and-finance-help
Microhard has issued a bond with the following characteristics: |
Par: $1,000 |
Time to maturity: 6 years |
Coupon rate: 9 percent |
Semiannual payments |
Calculate the price of this bond if the YTM is: (Do not round intermediate calculations and round your final answersto 2 decimal places (e.g., 32.16).) |
Price of the Bond | ||
a. | 9 percent | $ |
b. | 11 percent | $ |
c. | 7 percent | $ |