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A coupon bond that pays interest semianually has a par value of $1000, matures in 8 years, has a yield to maturity of 6% and

A coupon bond that pays interest semianually has a par value of $1000, matures in 8 years, has a yield to maturity of 6% and a coupon rate is 7%. Calculate the intrinsic value of the bond (in $) today.

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