The bond has 15 years to maturity what is the value of the


1. 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?

2. Compute the future value in year 7 of a $2,800 deposit in year 1, and another $2,300 deposit at the end of year 4 using a 8 percent interest rate.

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Financial Management: The bond has 15 years to maturity what is the value of the
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