[Answer] 43. A coupon bond that pays interest semi-annually has a par value of $1 000 matures in 5 years and has a yield to maturity of 10%. The intrinsic value of the bond today will be ________ if the coupon rate is 12%. A. $922.77B. $924.16C. $1 075.80D. $1 077.22E. None of these is correct.

Answer: D. $1 077.22
43. A coupon bond that pays interest semi-annually has a par value of $1 000 matures in 5 years and has a yield to maturity of 10%. The intrinsi…

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