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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%,
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 5%. - a) $1,000.00 b) $886.28 c) $957.88 d) 51,042,12 e) $1,123,01
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