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Which of the Following Joints Permits Slight Movement

question 97

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Which of the following joints permits slight movement?


Definitions:

Call Provision

A feature on a bond allowing the issuer to redeem the bond before its maturity date.

Premium Bond

A bond sold at a price higher than its face value, typically because it offers interest rates higher than the current market rates.

Discount Bond

A bond sold for less than its face value, where the difference between the purchase price and the face value represents the investor's return.

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