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5) A coupon bond that pays interest semiannually has a par value of $1,000, matures in 8 years, and has a yield to maturity of

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5) A coupon bond that pays interest semiannually has a par value of $1,000, matures in 8 years, and has a yield to maturity of 6%. If the coupon rate is 7%, the intrinsic value of the bond today will be A) $1,062.81 B) $1,081.82 C) $1,000.00 D) $1,100.03

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