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_____ tend to easily elicit smiles and laughter from their infants.
Coupon Bond
A bond that pays the holder a fixed interest rate (coupon) over the bond's lifetime and repays the principal at maturity.
Current Yield
A measure of the annual income (interest or dividends) generated by an investment, expressed as a percentage of the current market price.
Par Value
The face value of a bond or stock as stated by the issuing company, which may differ from its market value. For bonds, it's the amount to be repaid at maturity; for stocks, it's the nominal value assigned upon issuance.
Callable Bond
A type of bond that gives the issuer the right to redeem the bond at a predetermined price before its maturity date.
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