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You have recently purchased an annual interest-paying bond with a time to maturity of ten years, a yield to maturity of 5%, and coupon rate
You have recently purchased an annual interest-paying bond with a time to maturity of ten years, a yield to maturity of 5%, and coupon rate of 3.8%. If you reinvest the remaining interest payments and principle repayment at an annual rate of 4%, how much money will you have in ten years?
Answer choices:
$1,435.63
$983.78
$907.34
$1,456.23
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