swh corporation issued bonds on january 1, 2004. The bonds had a coupon rate of 4.5%, with interest paid semiannually. The face of the bonds is $1000 and the bonds mature on January 1, 2014. What is the instrinsic value (to the nearest dollar) of an swh corporation bond on january 1, 2008 to an investor with a required return of 6%?
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$925
1 answer