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Orlando Builders Inc. issued a bond with a par value of $1,000, a coupon rate of 9.00% (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 9.00% (semiannual coupon), and a yield to maturity of 5.80%. The bond has 19 years to maturity. What is the value of the bond? $1,413 $1,271 $1,349 $1,365 $1,448

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