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A coupon bond that pays interest semiannually has a par value of $1,000, matures in 5 years, and has a yield to maturity of 6%.

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A coupon bond that pays interest semiannually has a par value of $1,000, matures in 5 years, and has a yield to maturity of 6%. If the coupon rate is 3.5%, the intrinsic value of the bond today will be a) $962.81 b) $893.37 c) $994.21 d) $1,000 e) $800.03

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