A coupon bond that pays interest annually has a par value of $1,000, matures in...
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Finance
A coupon bond that pays interest annually has a par value of $1,000, matures in ten years, and has a yield to maturity of 8%. The intrinsic value of the bond today will be ______ if the coupon rate is 10%. A.$989.73 B.$897.64 C.$1,210.34 D.$1,134.20
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