What is the value of an orion bond

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Reference no: EM131593984

What is the value of an Orion bond that has a 6 percent coupon, pays interest semiannually, and has 11 years to maturity, if the required rate of return is 5 percent?

a. $1,211

b. $1084

c. $1083

d. $1000

Reference no: EM131593984

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