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    Valuing a Bond with Semi Annual Interest Payments

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    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

    © BrainMass Inc. brainmass.com October 10, 2019, 5:19 am ad1c9bdddf
    https://brainmass.com/business/business-math/valuing-bond-semi-annual-interest-payments-501172

    Solution Summary

    This solution provides calculations for a question regarding valuing bonds with semi annual interest payments.

    $2.19