Consider an annual coupon bond with face value

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Consider an annual coupon bond with a face value of $100, 4 years until maturity, and a price of $75. the coupn rate on the bond is 7%. If you can reinvest coupons at a rate of 2.5% per annum, then how much money do you have if you hold the bond to maturity? Round to nearest cent. NEED ASAP

Reference no: EM131185179

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