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Consider an annual coupon bond with a face value

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Consider an annual coupon bond with a face value of ?$100 9 years to? maturity, and a price of ?$95. 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?

I am confused with where the price falls into place here?

Reference no: EM132341414

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