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Calculating Rates of Return [L03] In March 2012, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the

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Calculating Rates of Return [L03] In March 2012, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, DMF promised to repay the owner of one of these securities $600 in March 2042, but investors would receive nothing until then. Investors paid DMF $300 for each of these securities; so they gave up $300 in March 2012, for the promise of a $600 payment 30 years later

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