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Consider an annual coupon bond with a face value of $ 100 , 3 years tomaturity, and a price of $ 93 . The coupon
Consider an annual coupon bond with a face value of $100, 3 years tomaturity, and a price of $93. The coupon rate on the bond is 6%. If you can reinvest coupons at a rate of 4.5% perannum, then how much money do you have if you hold the bond tomaturity? The total proceeds from holding the bond to maturity are $__. (Round to the nearestcent.)
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