Microhard has issued a bond with the following characteristics: Par: $1,000Time to maturity: 5 yearsCoupon rate: 8 percentSemiannual payments Calculate the price of this bond if the YTM is: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)      Price of the Bond a. 8 percent $   b. 10 percent $   c. 6 percent $

Question

Microhard has issued a bond with the following characteristics:
 
Par: $1,000
Time to maturity: 5 years
Coupon rate: 8 percent
Semiannual payments
 
Calculate the price of this bond if the YTM is: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
 

    Price of the Bond
a. 8 percent $  
b. 10 percent $  
c. 6 percent $  
 

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