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Eastern Corporation has $1,000 par value bonds with 4 years to maturity

Finance

Eastern Corporation has $1,000 par value bonds with 4 years to maturity. The bonds pay an 8% coupon rate with semi-annual coupon interest payments. The bond's closing price is quoted at 101.25. If your required rate of return is 9,5%, what would be the bond's Intrinsic value? $1.310 O $1.212 O $951 5701 O $973

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