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1 . ( 2 5 ) . THE PRICE OF A TWO YEAR BOND iS 1 2 0 . DISCOUNT RATE IS 1 2 %

1 . (25) .

THE PRICE OF A TWO YEAR BOND iS

120 .

DISCOUNT RATE IS

12 % .

NOMINAL VALUE IS

100 .

WHAT IS THE AMOUNT OF INTEREST HE RECEIVES FOR EACH OF THE TWO YEARS?

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