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One principle difference between democractic and authoritarian systems is the balance they create between power and choice.
Yield To Maturity
the total return anticipated on a bond if the bond is held until it matures, considering both interest payments and capital gain.
10 ½% Bond
A bond that pays an annual interest rate of ten and a half percent of its face value.
Yield To Maturity
The total return anticipated on a bond if it is held until its maturity date.
8 ½% Bond
A bond that pays an annual interest rate of 8.5% on its face value.
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