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Quotes of the day:
I wouldn\'t recommend sex, drugs or insanity for everyone, but they\'ve always worked for me.
Reinvestment risk refers to the possibility that an investor will be unable to reinvest cash flows (e.g., coupon payments) at a rate comparable to their current rate of return. Zero-coupon bonds are the only fixed-income security to have no investment risk since they issue no coupon payments.
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