单选题 Given a required yield to maturity of 6 percent, what is the intrinsic value of a semi-annual pay coupon bond with an 8 percent coupon and 15 years remaining until maturity?
【正确答案】 A
【答案解析】Using semiannual payments, I=6/2 =3%, PMT=80/2=$40, N=15×2=30; FV=$1000. Solve for PV=$1196.