You bought a bond that pays semiannual coupons at the


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?

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Financial Management: You bought a bond that pays semiannual coupons at the
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