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Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 20 years...

Microhard has issued a bond with the following characteristics:
Par: $1,000
Time to maturity: 20 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. 11 percent $   
c. 5 percent $   

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