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You've paid it out here instead of keeping it into the firm.
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So this is a very simple idea,
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but it's very easy to get confused about.
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Are there any questions about it?
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So let's do an example of it.
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The most basic example of it is the premium bond.
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So we talked about this before, the premium bond.
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So let's say you have PV_0 = 5 divided by 1.10
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+ 5 divided by 1.10 correction: squared
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maybe this was exactly the problem set, I can't remember
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105 divided by 1.10 correction: to the T.
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So in other words the interest rate--I did that wrong--squared and T.