Calculate the price of this bond if the yield to maturity

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Reference no: EM132057934

Value the bond Midcorp has issued, with the following characteristics:

Par: $1,000.

Time to maturity: 28 years.

Coupon rate: 7.50 percent.

Semiannual payments.

Calculate the price of this bond if the yield to maturity (YTM) is each of the following:

7.50 percent.

9 percent.

4 percent.

Reference no: EM132057934

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