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Consider an annual coupon bond with a face value of S100, 15 years to maturity, and a price of $92. The coupon rate on the

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Consider an annual coupon bond with a face value of S100, 15 years to maturity, and a price of $92. The coupon rate on the bond is 8%. If you can reinvest coupons at a rate of 2.5% per annum then how much money do you have if you hold the bond to maturity? The total proceeds from holding the bond to maturity are (Round to the nearest cent)

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