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A and E is wrong A coupon bond that pays interest annually has a par value of $1,000, matures in five years, and has a
A and E is wrong
A coupon bond that pays interest annually has a par value of $1,000, matures in five years, and has a yield to maturity of 6%. The intrinsic value of the bond today will be if the coupon rate is 7%. a) $886.28 b) $1,123.01 c) $1,000,00 d) $620.92 e) $1.042.12 Step by Step Solution
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