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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 6.0%.

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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 6.0%. If the coupon rate is 7%, the intrinsic value of the bond today will be $ (Please use or round to 2 decimal places. for example, if your answer is $1.083.3892. enter 1083.39. if your answer is $1,000, enter 1000.00)

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