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A coupon bond that pays interest semiannually has a par value of $1,000, matures in 15 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 15 years, and has a yield to maturity of 6%. If the coupon rate is 7%, the intrinsic value of the bond today will be ________.
A. $1,084.68
B. $1,042.65
C. $1,074.39
D. $1,098.00
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