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A coupon bond that pays interest annually has a par value of $1,000, matures in 5 years, and has a yield to maturity of 12%.

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A coupon bond that pays interest annually has a par value of $1,000, matures in 5 years, and has a yield to maturity of 12%. If the coupon rate is 9%, the intrinsic value of the bond today will be Multiple Choice $856.04 o $891.86 $1,000 O $926.47 O

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