Question

Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 18 years Coupon rate: 6 percent Semiannual payments FILL IN YOUR ANSWER WITH A COMMA FOR THOUSANDS AND A DOT FOR DECIMALS, do not fill in any currency sign ($,€ etc). So for instance, One-hundred-thousand-and-fourty euros and 50 cents would be 100,040.50. For percentages use a dot and NO % sign. For instance if you think an answer is seven per cent and 22 hundredths, write 7.22 Required: 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.): a. 6 percent b. 9 percent c. 3 percent

          Microhard has issued a bond with the following characteristics:
Par: $1,000
Time to maturity: 18 years
Coupon rate: 6 percent
Semiannual payments
FILL IN YOUR ANSWER WITH A COMMA FOR THOUSANDS AND A
DOT FOR DECIMALS, do not fill in any currency sign ($,€ etc). So for
instance, One-hundred-thousand-and-fourty euros and 50 cents would
be 100,040.50. For percentages use a dot and NO % sign. For instance
if you think an answer is seven per cent and 22 hundredths, write 7.22
Required:
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.):
a. 6 percent
b. 9 percent
c. 3 percent

Microhard has issued a bond with the following characteristics:
Par: 1,000
Time to maturity: 18 years
Coupon rate: 6 percent
Semiannual payments
FILL IN YOUR ANSWER WITH A COMMA FOR THOUSANDS AND A
DOT FOR DECIMALS, do not fill in any currency sign (,€ etc). So for
instance, One-hundred-thousand-and-fourty euros and 50 cents would
be 100,040.50. For percentages use a dot and NO % sign. For instance
if you think an answer is seven per cent and 22 hundredths, write 7.22
Required:
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.):
a. 6 percent
b. 9 percent
c. 3 percent

Added by Melinda J.

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