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The US Government 14% coupon bond has 12 years remaining to maturity. The bond pays annual coupons and the next coupon is due in one

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The US Government 14% coupon bond has 12 years remaining to maturity. The bond pays annual coupons and the next coupon is due in one year. The face value of the bond is $100. The bond is currently trading for $112.39 and yields 12%. If you buy the bond today and hold to maturity, then how much interest do you earn on reinvested coupons (assuming coupons reinvested at the yield rate)? In other words, if you invest the coupons in a bank that pays 12% per annum, then how much interest do you earn just from investing the coupons? How much interest do you earn on reinvested coupons? $____(Round to the nearest cent.)

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