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A coupon bond that pays interest semiannually has a par value of $ 1 , 0 0 0 , matures in 1 0 years, and

A coupon bond that pays interest semiannually has a par value of $1,000, matures in 10 years, and has a yield to maturity of 5%. If the coupon rate is 7%, calculate the intrinsic value of the bond today.
a. $1117.43
b. $1155.89
c. $1186.34
d. $1264.17
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