Question
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 10%.
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 10%. The intrinsic value of the bond today will be ______ if the coupon rate is 7%
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Cost-Benefit Analysis Concepts and Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th edition
1108401295, 9781108415996, 1108415997, 978-1108401296
