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Bond Premium
The excess of a bond's market price over its principal amount or nominal value.
Straight-line Method
A strategy for computing depreciation or amortization through evenly apportioning the cost of an asset across its expected useful duration.
Semiannual Interest
Interest that is calculated and paid twice a year, commonly found in bonds and loans.
Present Value
A financial concept that represents the current value of a future amount of money or stream of cash flows given a specified rate of return.
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