Examlex
An array of numbers, variables, or mathematical terms is known as a
Stated Rate
The interest rate declared on a financial instrument, such as a bond or loan, not accounting for compounding or market conditions.
Market Rate
The prevailing interest rate available in the marketplace for transactions involving similar assets or liabilities.
A Premium
An amount paid exceeding the nominal or face value of a security or insurance policy.
Effective Yield
Effective yield is an investment's annual rate of interest when compounding occurs more often than once a year.
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