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In wildlife management, the capture-mark-recapture technique is used to estimate the populations of fish or birds in an area or to measure the infestation of insects such as Japanese beetles. Suppose 100 individuals of the species being studied are caught, marked, and released, and one week later 100 more are caught. To estimate the total number of individuals, the following relationship is used:
Suppose that 1000 beetles are captured, marked, and released. Suppose further that in the second capture of 1000 it is found that 59 are marked. What is the population estimate?
Bond Ratings
An assessment of the creditworthiness of a bond issuer, reflecting the likelihood of the bond’s credit default, ranked by grade by credit rating agencies.
Call Protection Provision
A feature of a bond that prohibits the issuer from redeeming the bond before a specified date, protecting bondholders.
Bond Indenture
A legal contract between the bond issuer and the bondholders, detailing the terms of the bond such as interest payments, maturity date, and the issuer's obligations.
Call Features
Options embedded in financial securities that allow the issuer to redeem the security before its maturity date.
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