I just sold some shares on etrade yesterday. But i found the money is not available for investment today, although it is on balance. How long does it take to become available for withdrawal or investment on etrade? Any better broker? Thanks!
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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.
What was the annual return you earned on this investment How much will you have when the bond is retired after 12 years?
