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Which of the following is equal to the intrinsic value of a 3 year maturity 18% coupon bond, whose face value will be repaid at
Which of the following is equal to the intrinsic value of a 3 year maturity 18% coupon bond, whose face value will be repaid at the end of the maturity. The purchase price of the bond is 950 and its face value is 1000%. Annual interest rate is estimated as 15% for the 1 st year, 16% for the 2 nd. year, and 17% for the 3rd. year
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