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A coupon bond which pays interest semi - annually has a par value of $ 1 , 0 0 0 , matures in 8 years,

A coupon bond which pays interest semi-annually has a par value
of $1,000, matures in 8 years, and has a yield to maturity of 7%.
If the coupon rate is 6%, the intrinsic value of the bond today
will be __________(to the nearest dollar).

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