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An insurance company issued a $105 million one-year, zero-couponnote at 8 percent add-on annual interest (paying one coupon at theend of the year) and used

An insurance company issued a $105 million one-year, zero-couponnote at 8 percent add-on annual interest (paying one coupon at theend of the year) and used the proceeds plus $25 million in equityto 2 answers

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