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  3. consider an annual coupon bond with a face value o

Consider an annual coupon bond with a face value of $100, 15 years to maturity,...

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Accounting

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Consider an annual coupon bond with a face value of $100, 15 years to maturity, and a price of $79. The coupon rate on the bond is 3%. If you can reinvest coupons at a rate of 3% 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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