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Explain the increasing controversy surrounding mandatory minimums and the studies that indicate
problems with these laws.
Coupon Payment
A regular interest distribution to those holding bonds, often disbursed twice a year.
Market Price
The current price at which an asset or service is bought or sold in a marketplace.
Discounted Price
The reduced price of an item or security after applying a discount, often used in time value of money calculations.
Bond Ratings
A grade given to bonds that indicates their credit quality, with ratings provided by agencies like Moody's, S&P, and Fitch.
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