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An investor buys a 10-year, 5% annual coupon bond on the issuance date when yields are 4% and sells it 6 years later. A month
An investor buys a 10-year, 5% annual coupon bond on the issuance date when yields are 4% and sells it 6 years later. A month after buying the bond, interest rates changed to 6% and remained at 6% during the investor's 6-year holding period. At the end of 6 years, how close is the final value of the reinvested coupons per 1,000 par value investors
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