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A distinction is made between channel members and facilitating agencies because:
Appreciation
An increase in the value of an asset over time, often due to changes in market demand or supply, inflation, or other economic factors.
Market Yield
The interest rate that investors demand for buying securities currently available in the market.
Semiannually
Pertains to an event or action occurring twice a year, typically every six months.
Maturity
The period of time or deadline after which an obligation, such as a bond or loan, must be repaid in full.
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