Consider an annual coupon bond with a face value of 100 15, Financial Management

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Consider an annual coupon bond with a face value of 100 15

Consider an annual coupon bond with a face value of $100, 15 years to maturity, and a price of $88. The coupon rate on the bond is 5%. If you can reinvest coupons at a rate of 3.5% per annum, then how much money do you have if you hold the bond to maturity?

The total proceeds from holding the bond to maturity are? $

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Financial Management: Consider an annual coupon bond with a face value of 100 15

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Financial Management: Consider an annual coupon bond with a face value of 100 15

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