Examlex
The formula CID = π x R2 x L x N is used to calculate _____.
Par Value
Par value is the face value of a bond or the stock value stated in the corporate charter, which signifies the minimum price that the securities can be issued for.
Coupon Rate
The interest rate on a bond, expressed as a percentage of the bond's face value, paid by the bond issuer to the bondholder.
Current Yield
A bond’s annual coupon payment divided by its price. Differs from yield to maturity.
Coupon Bond
A type of bond that pays the holder a fixed interest amount (coupon) at regular intervals until maturity, at which point the principal amount is returned.
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