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What is the intrinsic value of Spark Inc. bonds, with a maturity date of June 1,...

What is the intrinsic value of Spark Inc. bonds, with a maturity date of June 1, 2029, if comparable bonds have to yield to maturity of 8%? The face value is $1000 and coupon payments are semi-annual. Coupon rate: 5% Maturity date: 6/1/2029 Maturity (approx): 10 years YTM: 8% P: 1000 semi-annual payments (2) Intrinsic Value: $796.15 (Fair Price) Got the value by doing putting this in excel: =PV(8%/2, 10*2, -5%/2*1000, -1000)

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