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Dunder Mifflen just issued a 3 0 - year annual bond with a par value of $ 1 , 0 0 0 and a coupon

Dunder Mifflen just issued a 30-year annual bond with a par value of $1,000 and a coupon rate of 10.5%. The current yield-to-maturity is 7.0%. What is the intrinsic value of the bond and if the bond's current market price is $1,850,what should you do?

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