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Junko Is 14 Years Old and Is Reading a Book

question 105

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Junko is 14 years old and is reading a book of essays on politics in various countries.Junko enjoys reading about different political views and comparing them.With the help of the newly acquired knowledge,Junko is evaluating the validity of his own political beliefs.Junko is demonstrating


Definitions:

8% Bond

A bond that pays an annual interest rate of 8% to its holders.

Current Yield

The annual return of a bond, expressed as a percentage of its current market price.

6 ¾% Bond

A debt security issued with an interest rate of six and three-quarters percent, denoting the annual return to investors.

Current Yield

A financial ratio that measures the annual income (interest or dividends) from an investment as a percentage of the current price of the security.

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