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Mixed format: (with a space between the whole number and the numerator) Fraction format:
Reduce all fractions. The diameter of a steel shaft, through wear, is reduced
inch. The shaft measured inch originally. The electrician removes another
inch and makes a new bearing to fit the shaft. What is the new size of the shaft?
Loan Term
The length of time over which a loan agreement is scheduled to be repaid.
Callable Bonds
Bonds that can be redeemed by the issuer before their maturity date at a predetermined call price.
Deferred Call Provision
A clause in a bond contract that protects the bond issuer from calling (repurchasing) the bond for a specified period, providing stability to the bondholder.
Make-Whole
A provision that compensates bondholders for the loss of anticipated interest, typically in the event of an early redemption.
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