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Bonds calculations
File: MFMaths3e_04.xls
Bonds are a form of medium- and long-term securities issued by governments, supra-governmental bodies such as the World Bank or major companies for financing as an alternative to bank finance. They were invented several hundred years ago as a method of financing war and government expenditure, and, due to their attractiveness, the market has grown to vast proportions today. The individual amounts vary but the period of maturity is typically five to fifteen years and perhaps longer for governmental bodies. The upper limit is set by what investors ...
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