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A building society issues a one-year bond that entitles the holder to the return on a weighted-average share index (ABC500) up to a maximum level
A building society issues a one-year bond that entitles the holder to the return on a weighted-average share index (ABC500) up to a maximum level of 30% growth over the year. The bond has a guaranteed minimum level of return so that investors will receive at least x% of their initial investment back. Investors cannot redeem their bonds prior to the end of the year.
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