If you can reinvest coupons at a rate of 45 per annum then, Financial Management

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If you can reinvest coupons at a rate of 45 per annum then

Consider an annual coupon bond with a face value of ?$100?, 12 years to? maturity, and a price of ?$91. The coupon rate on the bond is 8?%. If you can reinvest coupons at a rate of 4.5?% 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 $________. ?(Round to the nearest? cent.)

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Financial Management: If you can reinvest coupons at a rate of 45 per annum then

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