Question
Orlando Builders Inc. issued a bond with a par value of $1,000, a coupon rate of 7.25% (semiannual coupon), and a yield to maturity of
Orlando Builders Inc. issued a bond with a par value of $1,000, a coupon rate of 7.25% (semiannual coupon), and a yield to maturity of 6.60%. The bond has 7 years to maturity. What is the value of the bond? the answer is 1035 but I don't know how to put in the financial calculator. can someone write down each step
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The Handbook For Investment Committee Members
Authors: Russell L. Olson
1st Edition
0471719781, 978-0471719786
