A coupon bond which pays interest semi-annually has a par


A coupon bond which pays interest semi-annually, has a par value of $1,000, matures in 8 years, and has a YTM of 6%. If the coupon rate is 7%, what is the intrinsic value of the bond TODAY. (to nearest dollar).

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Financial Management: A coupon bond which pays interest semi-annually has a par
Reference No:- TGS01706083

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