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An immediate extension, Arbitrage-free bond pricing, discounts each cashflow at the market derived rate – i.e. at each coupon's corresponding zero rate, and of equivalent credit worthiness – as opposed to an overall rate.
Robert Leroy Johnson was born in Hazlehurst, Mississippi, possibly on May 8, 1911, [4] to Julia Major Dodds (born October 1874) and Noah Johnson (born December 1884). Julia was married to Charles Dodds (born February 1865), a relatively prosperous landowner and furniture maker, with whom she had ten children.
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