• 2022-06-19
    A
    coupon bond that pays interest annually has a par value of $1,000,
    matures in seven years, and has a yield to maturity of 9.3%. The
    intrinsic value of the bond today will be ________ if the coupon rate
    is 8.5%.
    A: $712.99
    B: $960.14
    C: $1,123.01
    D: $886.28
    E: $1,000.00