7. An investor is considering the purchase of a 20-year 7% coupon bond selling for...
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7. An investor is considering the purchase of a 20-year 7% coupon bond selling for S816 and a par value of $1,000. The yield to maturity for this bond is 9%. (a) What would be the total future dollars if this investor invested $816 for 20 years earning 9% compounded semiannually? (b) what are the total coupon payments over the life of this bond? (e) What would be the total future dollars from the coupon payments and the repayment of principal at the end of 20 years
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