How much money do you have if you hold the bond to? maturity

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Reference no: EM132234725

Consider an annual coupon bond with a face value of ?$100?, 7 years to? maturity, and a price of ?$83. The coupon rate on the bond is 5?%. If you can reinvest coupons at a rate of 3% per? annum, then how much money do you have if you hold the bond to? maturity?

Reference no: EM132234725

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