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QUESTION
Oriole Corp. issued a four-year bond one year ago with a coupon rate of 8.0 percent. The bond pays interest semiannually.
a. Oriole Corp. issued a four-year bond one year ago with a coupon rate of 8.0 percent. The bond pays interest semiannually. If the yield to maturity on this bond is 11 percent, what is the price of the bond?-
