Orlando Builders Inc. issued a bond with a par value of $1,000, a coupon rate of 8.25% (semiannual coupon), and ayield to maturity of 6.60%? The bond has 15 years to maturity. What is the value of the bond?$1,155$1,232$1,083$1,185$1,210

Introduction : Bond par value= 1000 Coupon rate = 8.25% Yield to maturity =6.60% Yields to maturity…

Answered: Orlando Builders Inc. issued a bond…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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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? $1,155 $1,232 $1,083 $1,185 $1,210