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You are considering buying a 30 year bond issued by Microsoft for $95.00. The bond has a par value of $100 and pays a
You are considering buying a 30 year bond issued by Microsoft for $95.00. The bond has a par value of $100 and pays a coupon of 7.5% annually. If you reinvest all your coupon payment at the yield to maturity on the bond, what will be the value of your investment in 30 years?
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Macroeconomics Principles and Applications
Authors: Robert e. hall, marc Lieberman
5th edition
1111397465, 9781439038970, 1439038988, 978-1111397463, 143903897X, 9781439038987, 978-1133265238
