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Developmental stages can be characterized by all of the following EXCEPT
Eurobond
An international bond that is denominated in a currency not native to the country where it is issued, offering a way for entities to raise capital in foreign markets.
Yankee Bond
A bond issued by a foreign entity in the United States, denominated in U.S. dollars, allowing issuers to access capital from U.S. investors.
Samurai Bond
A Japanese yen-denominated bond issued in Japan by a non-Japanese entity, aiming to attract investors based in Japan.
Bulldog Bond
A bond issued in the United Kingdom by foreign entities, denominated in British pounds, as part of international finance.
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