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1. Explain the conflict of interest by credit rating agencies and their role in the 2007-2009 financial crisis. 2. You currently have $5000 invested in

1. Explain the conflict of interest by credit rating agencies and their role in the 2007-2009 financial crisis.

2. You currently have $5000 invested in a discount bond at an annual yield, i = 8%. If the face value of this bond is $5,500, what is the maturity of this bond?

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