What is the intrinsic value of jaysons bond with 20 years


A corporate bond pays interest annually, has a coupon rate of 6%, a face value of $1,000, and has a market interest rate of 6.5%. What is the intrinsic value of Jayson's bond with 20 years to maturity?

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Financial Management: What is the intrinsic value of jaysons bond with 20 years
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