In: Finance
Orlando Builders Inc. issued a bond with a par value of $1,000,
a coupon rate of 7.25% (semiannual coupon), and a yield to maturity
of 6.60%. The bond has 7 years to maturity. What is the value of
the bond? the answer is 1035
but I don't know how to put in the financial calculator. can
someone write down each step
SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE
SOLVED WITH BA II PLUS CALCULATOR