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Question
You purchase a 10-year bond at face value for $1,000. It pays a semi-annual coupon payment of $50. If you can reinvest the coupon payments at 8% annually, what is your expected total return?a. 5.73%
b. 6.63%
c. 7.53%
d. 8.43%
e. 9.33%
Answer
This answer is hidden. It contains 194 characters.
Related questions
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d. All of the above are true.
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