Examlex
All of the following are characteristics of a typical entrepreneurial start-up except:
Par Value
The face value of a bond or stock as stated by the issuer, which does not necessarily reflect its market value.
Yield To Maturity
The expected complete return on a bond when retained through its entire lifespan.
Bond Rating
An assessment of the credit quality of a bond, typically issued by a rating agency, which indicates the likelihood of the bond issuer defaulting.
Current Yield
The annual income (interest or dividends) divided by the current price of the security, often used in context with bonds.
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