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Find the critical point(s) of the function.Then use the second derivative test to classify the nature of each point, if possible.Finally, determine the relative extrema of the function.
Bond Interest Expense
The periodic expense incurred by an issuer of bonds as payment to the bondholders for their investment, typically paid semi-annually.
Face Value
The nominal value printed on a financial instrument such as a bond or stock certificate, representing its legal value.
Semiannually
Occurring twice a year or every six months.
Bond Premium
The amount by which the market value of a bond exceeds its principal amount or par value, typically occurring when the bond's interest rate is higher than current market rates.
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