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While walking through the mall,Joe witnessed a large group of what seemed like regular shoppers simultaneously drop their bags and perform a synchronized dance,after which each person picked up his or her belongings and walked off like nothing had happened.Joe witnessed
Bond Premium
The additional value that an investor pays above a bond's face value; occurs when the bond's interest rate is higher than the market rate.
Bond Indenture
A legal document detailing the terms and conditions of a bond issue, including the interest rate, maturity date, and obligations of the issuer.
Legal Document
A formal document that records agreements, contracts, or declarations and is recognized and enforceable by law.
Face Value
The nominal value printed on a financial instrument like a bond or currency note, representing its legal value.
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