• 2022-06-19
    A
    coupon bond that pays interest semi-annually has a par value of
    $1,000, matures in seven years, and has a yield to maturity of 11%.
    The intrinsic value of the bond today will be ________ if the
    coupon rate is 8.8%.
    A: $922.78
    B: $894.51
    C: $1,075.80
    D: $1,077.20
    E: None
    of the options are correct.