=+a. The holder of the ticket is given a $100,000 government bond that matures in 10 years.
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=+a. The holder of the ticket is given a $100,000 government bond that “matures” in 10 years. This means that in 10 years, the owner of this bond can cash it for $100,000.
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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