Examlex
Which of the following describes the overall impact of the New Deal?
Coupon Bonds
Debt securities that pay holders a fixed interest rate (the coupon) on a periodic basis until the bond matures, at which point the principal amount is repaid.
Par
The face value of a bond or other financial instrument, typically the amount at which it will be paid out upon maturity.
Yield
The earnings generated from an investment, including interest or dividends, that result from owning a specific financial instrument.
Premium Bond
A bond sold for more than its face value, typically occurring when its interest rate is higher than the current market rate.
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