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Identify which one of the following securities has the highest nominal annual return at issuance. Use the key determinants of Nominal Interest Rate to briefly

Identify which one of the following securities has the highest nominal annual return at issuance. Use the key determinants of Nominal Interest Rate to briefly explain why. [2 marks]

  • 20-year bonds issued by the Australian federal government.
  • 30-year corporate bonds issued by the American technology company, Apple Inc.

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