Microhard has issued a bond with the following, Ask an Expert

Finance

Microhard has issued a bond with the following characteristics:

Par: $1,000

Time to maturity: 25 years

Coupon rate: 7 percent

Semiannual payments

Please fill in the following:

Settlement _______

Maturity ________

Rate _________

YTM __________

Redemption _______

Calculate the price of this bond if the YTM is 7%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91544956

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