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Describe the various types of illegal synthetic drugs.
Callable Bond
A type of bond that gives the issuer the right to repay the bond before its maturity date, typically at a predefined call price.
Yield to Call
The interest rate that an investor would receive if they held a callable bond until the call date.
Quoted Coupon Rate
This is the annual interest rate paid by a bond, expressed as a percentage of the bond’s face value and fixed for the bond's lifespan.
Zero Coupon Bond
A bond that is issued at a discount to its face value and pays no interest but is redeemed at its face value at maturity.
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