Examlex
_____ is the most basic and important tenet of the MBNQA criteria.
Par Value
The nominal or face value of a bond, stock, or coupon as stated by the issuer, typically not related to its market value.
Yield
The income return on an investment, such as the interest or dividends received, expressed as an annual percentage rate based on the investment's cost or current market value.
Zero-Coupon Bond
A bond that does not pay periodic interest and is sold at a significant discount to its face value, which is paid at the bond's maturity.
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 incurred if purchased at a price different from its face value.
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