Valuing a bond with semi annual interest payments

Assignment Help Advanced Statistics

Reference no: EM13114604

Valuing Bonds:

Microhard has issued a bond with the following characteristics:

Par: $1,000

Time to maturity: 25 years

Coupon Rate: 7 percent

Semi Annual Interest Payments

Calculate the price of this bond if the YTM is:

a. 7 percent

b. 9 percent

c. 5 percent

Reference no: EM13114604

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