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Consider an annual coupon bond with a face value of $100, 9 years tomaturity, and a price of $94. The coupon rate on the bond
Consider an annual coupon bond with a face value of $100, 9 years tomaturity, and a price of $94. The coupon rate on the bond is 2%. If you can reinvest coupons at a rate of 1.5% perannum, then how much money do you have if you hold the bond tomaturity?
I cannot figure out what equation I need to answer this problem, please help
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