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A coupon bond that pays interests half-yearly has a par value of $1,000, matures in 5 years, and has an annual yield to maturity of

A coupon bond that pays interests half-yearly has a par value of $1,000, matures in 5 years, and has an annual yield to maturity of 5%. If the annual coupon rate is 8%, the bond's intrinsic value today will be

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