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Margaret buys $1000 in corporate junk bonds with a nominal interest rate of 13% that pays the coupon annually( you hope). If she can reinvest

Margaret buys $1000 in corporate junk bonds with a nominal interest rate of 13% that pays the coupon annually( you hope). If she can reinvest at the same rate without tarnsaction costs.

What will her investment have grown to after 15 years?

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