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IP Addressing in Point-to-Point Links
Each of the LANs in the previous diagram is a distinct network (or
subnet) for purposes of IP addressing and routing.
Not so obvious is the fact that the point-to-point link is also a
network (or subnet), albeit one with only two hosts. For example,
until recently the Bundoora and Bendigo campuses of La Trobe
University were linked as follows:

Here we see that subnet 131.172.239.0 has been assigned to the
point-to-point link between between the Bendigo and Bundoora
campuses.
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