Question
A coupon bond that pays interest semiannually has a par value of $1,000, matures in 5.0 years, and has a yield to maturity of .04%.
A coupon bond that pays interest semiannually has a par value of $1,000, matures in 5.0 years, and has a yield to maturity of .04%. If the coupon rate is .04%, the instrinsic value of the bond today will be ----
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
