Examlex
How much does it cost to operate a 25-W soldering iron for 8.0 hours if energy costs 8.0¢/kWh?
Junk Bonds
High-risk, high-yield bonds rated below investment grade by credit rating agencies, often issued by companies with poorer credit ratings.
High-yield
Bonds that offer higher interest rates because they have lower credit ratings, reflecting a higher risk of default.
Rating
An assessment of the credit worthiness of a borrower in terms of their ability to pay back the debt, often applied to countries, companies, or individuals.
Conversion Ratio
The conversion ratio is a key metric in finance that indicates the number of shares of stock a holder can obtain by converting a convertible security, such as a convertible bond or convertible preference shares, into common stock.
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