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Investor buys a bond for $900. Bond pays $50 annual interest coupon. Investor holds bond for 2 years, reinvesting each interest coupon at 7%. 5

Investor buys a bond for $900. Bond pays $50 annual interest coupon. Investor holds bond for 2 years, reinvesting each interest coupon at 7%. 5 years later investor sells the bond for $1120. What w...

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