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17. Consider a bond that promises the following cash flows. The yield to maturity is 10%. What total cash will you receive from the bond
17. Consider a bond that promises the following cash flows. The yield to maturity is 10%. What total cash will you receive from the bond if you plan to hold the bond for 3.5 years and then sell it? Assume that periodic cash flows are reinvested at 11%. * Year 0 1 2 3 4 5 Promised Payments 120 140 160 200 240 O a) $886.786 O b) $420 c) S860 O d) $488.07 e) None of the above
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