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Explain why the Wickersham Commission was created and summarize its recommendations for policing.
Zero Coupon Bond
A bond that is issued at a discount to its face value and pays no interest before maturity, when its full face value is repaid.
Nominal Market Yield
The stated or face interest rate of a bond or other fixed-income security without adjusting for inflation.
Semi-Annually
Occurring or calculated twice a year, typically every six months.
Comparable Issues
Securities or financial instruments that are similar in terms of yield, maturity, credit quality, and other characteristics, used for benchmarking.
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