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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

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

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