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    to Interest Rate Options is a finance course for freshman and sophomores, taught by Dr. Chakko himself. I am delighted that my friend, Dr. Anders Sjoman, the course director, has decided to present to the University of Minnesota community the 2015 edition of the course. Chapter One: to Interest Rate Options Chapter One discusses the following topics: – Understanding interest rates and its role in the financial system – Determining the appropriate term (duration) of an interest