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QUESTION
an annual coupon bond with a face value of $100, 6 years to maturity, and a price of $88. The coupon rate on the bond is 8%. If you can reinvest...
an annual coupon bond with a face value of $100, 6 years to maturity, and a price of $88. The coupon rate on the bond is 8%. If you can reinvest coupons at a rate of 1.5% per annum, then how much money do you have if you hold the bond to maturity?
