Value the bond midcorp has issued

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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.

Reference no: EM131515901

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