Multiple Choice
A coupon bond which pays interest annually,has a par value of $1,000,matures in 5 years and has a yield to maturity of 12%.If the coupon rate is 9%,the intrinsic value of the bond today will be approximately _________.
A) $856
B) $892
C) $926
D) $1,000
Correct Answer:
Verified
Correct Answer:
Verified
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