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You purchase a 1 0 - year bond at face value for $ 1 , 0 0 0 . It pays a semi - annual
You purchase a year bond at face value for $ It pays a semiannual coupon payment of $ You can reinvest the coupon payment at per semiannual period. You expect to sell the bond after years. Comparable year maturity bonds at that time will be priced to yield How much will you receive in interest on your interest during your holding period? The answer is please show me how to get there.
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