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A coupon bond that pays interest annually has a par value of $1,000, matures in seven years, and has a yield to maturity of 9.3%.

A coupon bond that pays interest annually has a par value of $1,000, matures in seven years, and has a yield to maturity of 9.3%. The intrinsic value of the bond today will be _if the coupon rate is 8.5% I need to answer to be written out, step-by-step. I need to know where all the numbers come from.

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