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You invest $1000 (the face value) in a 30-year 5.9% annual-pay coupon bond in your taxable account, and your tax rate is 35%. If the
You invest $1000 (the face value) in a 30-year 5.9% annual-pay coupon bond in your taxable account, and your tax rate is 35%. If the reinvestment rate is 4.1%, what will be the future value of the accumulated coupons and principal?
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