Examlex
Use properties of logarithms to expand the logarithmic expression as much as possible. Where possible, evaluate logarithmic expressions without using a calculator.
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Bond's Price
The market price for which a bond is bought or sold, influenced by factors like interest rates, the bond's credit quality, and its maturity date.
Market Value Basis
The valuation of assets or securities based on the current market prices as opposed to historical costs or theoretical values.
Coupon Rate
The interest rate stated on a bond when it's issued, which represents the annual interest payment made by the issuer relative to the bond's face value.
Yield To Maturity
The total return anticipated on a bond if it is held until it matures, including both interest payments and the gain or loss on the principal, at the current market price.
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