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an investor purchases a 10-year, 6.7% annual coupon payment bond at a price equal to par value. after the bond is purchased and before the
an investor purchases a 10-year, 6.7% annual coupon payment bond at a price equal to par value. after the bond is purchased and before the first coupon is received, interest rates increase by .7%. the investor sells the bond after 5 years. assume that interest rates remain unchanged at 6.7+.7% over the 5-year holding period. Per 100 of par value. what is the future value of the reinvested coupon payment at the end of the holding period?
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