Examlex
An angle measuring 26 42' 36" is divided into 4 equal parts. Find the degrees, minutes, and seconds in each part.
Bond Price
The amount of money for which a bond is bought or sold in the market, influenced by interest rates, credit quality, and maturity period.
YTM
Yield to Maturity (YTM) is the total return anticipated on a bond if the bond is held until its maturity date, accounting for its current market price, interest payments, and time value.
AAA Credit Rating
The highest credit rating assigned to a borrower's debt instruments by credit rating agencies, indicating an extremely low risk of default.
A Credit Rating
This is an evaluation of the credit risk of a prospective debtor, predicting their ability to pay back the debt and an implicit forecast of the likelihood of the debtor defaulting.
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