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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? $1,129 $1,174 $1,039 $1,086 $1,072

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