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Slide 1 Financial Markets Saving, Investment, and the Financial System Slide 2 The Financial System financial systemThe financial system consists of the group of institutions…
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CHAPTER 8 Bonds and Their Valuation CHAPTER 8 Bonds and Their Valuation 7-â¹#⺠7-â¹#⺠1 A bond is simply a negotiable IOU, or a loan. Investors who buy bonds are…