Question
Orlando Builders Inc. issued a bond with a par value of $1,000, a coupon rate of 8.00% (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 8.00% (semiannual coupon), and a yield to maturity of 6.70%. The bond has 9 years to maturity. What is the value of the bond?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
