Question
Orlando Builders Inc. issued a bond with a par value of $1,000, a coupon rate of 8.25% (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 8.25% (semiannual coupon), and a yield to maturity of 6.60%? The bond has 15 years to maturity. What is the value of the bond? The answer is $1,155 but i dont know how to get that answer. I have a HP 10bll + Financial Calculator but i dont know how to put this into the calculator. PLEASE HELP!!
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Banking Reforms And Monetary Policy In The Peoples Republic Of China
Authors: Yong Guo
1st Edition
1403900787,1403914540
