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“Our brethren are already in the field! Why stand we here idle? What is it that gentlemen wish? What would they have? Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!”
--Patrick Henry, 1775
-Which of the following statements about liberty is most accurate?
Par Value
The face value of a bond or stock, as stated by the issuing company, which may differ from the market value.
Annual Coupon
The yearly interest amount paid to bondholders, typically expressed as a percentage of the bond's face value.
Default Risk Premium
The additional yield a lender demands to compensate for the risk that the borrower may default on the loan.
Liquidity Premium
Additional yield that investors demand for holding a security that is not easily traded or sold without a significant price reduction.
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