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What is the intrinsic value to you of a 10 percent coupon bond with a par...

What is the intrinsic value to you of a 10 percent coupon bond with a par value of $20,000, that matures in 20 years, if you require an 8 percent return? Use semiannual compounding. Show your calculations.

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The price of bond is calulcated by finding the present value of all the cash flows i.e. the coupon payments and the face value. The price is $ 23,958.55

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