Examlex
What do you know about the reduced-form evidence in describing the transmission mechanism of monetary policy? provide a brief description.
Bond Grade
The rating assigned to a bond by credit rating agencies, reflecting the issuer's creditworthiness and the bond's risk level.
BBB
A credit rating assigned to bonds that are considered investment-grade, with a moderate risk level.
Par Value
The face value of a bond or stock, which is the amount paid back to the holder at maturity for bonds, or a base value for calculating dividend payments for stocks.
Coupon Bond
A debt security that pays the holder a fixed interest rate, or coupon, periodically until the maturity date, when the principal is repaid.
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