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A corporate bond has an 8.5% coupon rate, pays interest semiannually, and matures in 15 years. The bond's par value is $1,000. If the investors'

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A corporate bond has an 8.5% coupon rate, pays interest semiannually, and matures in 15 years. The bond's par value is $1,000. If the investors' annual required rate of return is 10%, the intrinsic value of the bond should be: O $923 $1,156 $1,231 O $1,220 O $885

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