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1. What is meant by the intrinsic value of a bond? 2. If banks enter the securities industry, there is expected to be at least

1. What is meant by the intrinsic value of a bond?

2. If banks enter the securities industry, there is expected to be at least one major benefit to the average investor from the increased competition. What is that expected benefit?

3. Are bank consolidation and nationwide banking good or bad for consumers and the economy?

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