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A bank has a basket of three-year loans with a value of $ 5 million that pay annual interest of $200,000 per annum. Interest payments
A bank has a basket of three-year loans with a value of $ 5 million that pay annual interest of $200,000 per annum. Interest payments are conducted every year but the total principals of the loans are due at the end of the third year.
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
