Examlex
Find the median of the data in the following stem-and-leaf plot. The leaf represents the or
nes digit.
Yields To Maturity
The total return anticipated on a bond if the bond is held until it matures, including all interest payments and the repayment of principal.
Par Value
The face value of a bond or stock as stated on the certificate or instrument, not necessarily its market value.
Mature
Refers to when a bond reaches its expiry date-payback or when a market or company has reached a state of equilibrium with little growth.
Subordinated Debenture
A type of unsecured debt that ranks below other debts and securities in terms of claims on assets or earnings in the event of a liquidation.
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