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Investor buys bond for $985. Bond pays $80 annual interest coupon. Investor holds bond for

Investor buys bond for $985. Bond pays $80 annual interest coupon. Investor holds bond for

Investor buys bond for $985. Bond pays $80 annual interest coupon. Investor holds bond for 5 years, reinvesting each interest coupon at 7%. After 5 year investor sells bond for $1020. What is the investor’s total return?

please show how you did this on a financial calculator

Abhinav 04-Dec-2019

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