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The "two-worlds assumption"
New Bonds
New bonds refer to debt securities that have been recently issued by a corporate or governmental entity to raise capital for various purposes.
Par Value
Par value refers to the nominal or face value of a bond, stock, or other financial instrument, indicating the amount that must be repaid at maturity.
Interest Rates
The cost of borrowing money or the return on invested capital, typically expressed as a percentage of the principal amount annually.
Maturity
Maturity is the date on which a financial obligation must be repaid or the final payment is due, marking the end of the obligation's life.
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Q56: Write a fictional dialogue featuring two characters