Question
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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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
