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Consider an annual coupon bond with a face value of $100, 15 years to maturity, and a price of $92. The coupon rate on bond
Consider an annual coupon bond with a face value of $100, 15 years to maturity, and a price of $92. The coupon rate on bond is 3%. If you could reinvest coupons ata rate of 5% per annum, then how much money do you have if you hold the. One to maturity?
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