If the Performance of a Contract That Was Legal When

question 55

True/False

If the performance of a contract that was legal when formed becomes illegal because of a subsequently enacted law, the duty of performance is discharged.

Comprehend the factors influencing bond prices and their valuation.

Identify different securities and their backing assets.

Recognize the tax implications of various bond types.

Understand the concept of credit ratings and their impact on bond classifications.

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Definitions:

σ (Standard Deviation)

A statistical measure of the dispersion or variation of a set of values, representing the average distance from the mean.

μ (Mean)

A symbol representing the mean or average of a set of numbers, calculating by summing all numbers and dividing by the count of numbers.

Cumulative Distribution Function

A function that gives the probability that a random variable is less than or equal to a certain value.

Random Variable

An attribute whose numerical values stem from the occurrence of a random event.