What Is the Value of an Orion Bond That Has

question 74

Multiple Choice

What is the value of an Orion bond that has a 10 percent coupon, pays interest semiannually, and has 10 years to maturity, if the required rate of return is 12 percent?

• A)$1,200
• B)$885.50
• C)$895.27
• D)$1,000

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