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Mountain bikers and rollerbladers share the only trail in a city park.The city allows everyone into the park and onto the trail.The mountain bikers say the rollerbladers are a hazard to them; the rollerbladers say it's the other way around.Frequently there are collisions, and many injuries occur.What is the property rights problem?
Coupon Rate
The annual interest rate paid by a bond's issuer to its bondholders, usually expressed as a percentage of the face value.
Face Value
The nominal or dollar value printed on a stock, bond, or other financial instrument, representing its legal value.
Maturity
The date on which the principal amount of a financial instrument, such as a bond or loan, is to be paid back in full.
Current Yield
The annual income (interest or dividends) divided by the current price of the security, often used to compare the return on investment of different securities.
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