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A coupon bond that pays interest semiannually has a par value of $1,000, matures in 9 years, and has a yield to maturity of 6%.
A coupon bond that pays interest semiannually has a par value of $1,000, matures in 9 years, and has a yield to maturity of 6%. If the coupon rate is 7%, the intrinsic value of the bond today will be ________. Group of answer choices $1,068.77 $1,062.81 $1,056.48 $1,049.77
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