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Perpetuity
A type of financial instrument that provides an infinite stream of interest payments.
Yield
The income return on an investment, such as the interest or dividends received, expressed as an annual percentage of the investment's cost or current market value.
Zero-coupon Bond
A bond that does not pay periodic interest and is sold at a discount to its face value, with the full face value repaid at maturity.
Par Value
The nominal or face value of a bond, share of stock, or other financial instrument, as stated by the issuer.
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