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An investor with a 2 year investment horizon is considering purchasing a 7-year 10% coupon bond. The investor expects that she can reinvest the coupon
An investor with a 2 year investment horizon is considering purchasing a 7-year 10% coupon bond. The investor expects that she can reinvest the coupon payments at an annual interest rate of 6%. The FV of reinvested coupons at the end of two years is: Group of answer choices A. 160 B. 167.35 (chegg) C. 172.40 D. 209.18
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Financial Management Theory And Practice
Authors: Prasanna Chandra
10th Edition
9353166527, 978-9353166526
