Microhard has issued a bond with the following characteristics, business and finance help
Microhard has issued a bond with the following characteristics:Par: $1,000Time to maturity: 6 yearsCoupon rate: 9 percentSemiannual paymentsCalculate the price of this bond if the YTM is: (Do not round intermediate calculations and round your finalanswersto 2 decimal places (e.g., 32.16).) Price of the Bonda. 9 percent$ b.11 percent$ c.7 percent$