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I need it ASAP typed out answer You purchase a high-yield. junk bond for $1,000 that pays $140 annually. After buying the bond, yields decline

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You purchase a high-yield. junk bond for $1,000 that pays $140 annually. After buying the bond, yields decline and you are able to reinvest the interest at only 9 percent. You reinvest all the interest payments. How much will you have when the bond i twelve years? What was the annual return you earned on this investment

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