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If you buy a 5-year, 4% coupon, annual pay bond at a yield of 3.5%, hold it for 3 years while reinvesting the coupon payments
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Get StartedRecommended Textbook for
Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
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