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An investor purchases a $1,000 par, 4.5% semiannual coupon bond with exactly seven years remaining until maturity. The bond was purchased for $888.94, reflecting a
An investor purchases a $1,000 par, 4.5% semiannual coupon bond with exactly seven years remaining until maturity. The bond was purchased for $888.94, reflecting a yield to maturity of 6.5%. The reinvestment income that must be generated over the life of the bond for the investor to realize the 6.5% yield to maturity is closest to:
A | $72. |
B | $76. |
C | $80. |
D | $83. |
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