What is future value of coupons earned in these three years

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Reference no: EM131448360

You bought a bond that pays semiannual coupons at the coupon rate of 6%. The bond's par value is $1000. Three years later you sell the bond. What is the future value of the coupons earned in these three years, if you can reinvest coupons at 4% rate?

Reference no: EM131448360

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