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Nurses who work in the correctional system sometimes implement harm reduction programs. Describe two such programs, giving pros and cons for each.
Effective Rates
The actual interest rate that a borrower pays on a loan or receives on a deposit, taking into account the compounding of interest.
Coupon Rates
Coupon Rates are the annual interest rates paid by bond issuers on the bond's face value, distributed typically in semi-annual payments.
Floating-Rate Bonds
Bonds with interest rates that adjust periodically based on a reference interest rate or index, protecting investors from interest rate risk.
Market Price
The price at which a product or service is traded in the competitive marketplace.
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