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What three socializing agents are discussed in the textbook?
Coupon Payment
Dollar amount of interest paid to each bondholder on the interest payment dates.
Maturity
The date on which the principal amount of a financial instrument, such as a bond or loan, is due to be paid in full.
Current Price
Current Price is the present market price at which an asset or a service can be bought or sold.
Nominal Yield
The nominal yield of a bond or other fixed-income investment is the interest rate stated on the financial instrument, which does not account for inflation or the compounding of interest.
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