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3) A coupon bond that pays interest semi-annually has a par value of $1,000, matures in five years, and has a yield to maturity of

3) A coupon bond that pays interest semi-annually has a par value of $1,000, matures in five years, and has a yield to maturity of 10 %. The intrinsic value of the bond today will be if the coupon rate is 8%. parvalue

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