Calculate the price of bond

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Reference no: EM13876433

Microhard has issued a bond with the following characteristics:

Par: $1,000

Time to maturity: 25 years

Coupon rate: 7 percent

Semiannual payments

Please fill in the following:

Settlement _______

Maturity ________

Rate _________

YTM __________

Redemption _______

Calculate the price of this bond if the YTM is 7%

Reference no: EM13876433

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