By Convention, the First Character in a String Is Always

question 15

Short Answer

By convention, the first character in a string is always designated as position __________________.

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Definitions:

Coupon Rate

The annual interest rate paid by bond issuers on the bond's face value.

Duration

A financial metric that indicates the sensitivity of a bond's price to changes in interest rates, commonly measured in years.

Par-Value

Par-value is the legal capital per share, established for stocks and bonds, representing a minimal value below which shares cannot be issued.