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Suppose that a $1000 par value bond with 4 years until maturity has an annual coupon rate of 6%. If bonds of similar risk have
Suppose that a $1000 par value bond with 4 years until maturity has an annual coupon rate of 6%. If bonds of similar risk have a required return of 8%, what is the approximate intrinsic value of the bond? $1069 $1000 $934 $920
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