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Question 9 1 pts Assume you buy a bond with the following features Bond maturity = 4 Coupon Rate = 3% Face Value = $1,000

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Question 9 1 pts Assume you buy a bond with the following features Bond maturity = 4 Coupon Rate = 3% Face Value = $1,000 Annual Coupons When you buy the bond the market interest rate = 4% Immediately after you buy the bond the interest rate changes to 7.12% What is the "reinvestment" effect in year 3

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