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Find the square root without using a calculator.
Bond Interest Expense
The cost that an issuer of bonds incurs over the bond term as interest payments to bondholders, as dictated by the interest rate of the bond.
Floating-rate Debt
A form of borrowing where the interest rate varies over time with market conditions, opposed to fixed-rate debt.
Market Value
Market value is the current price at which an asset or service can be bought or sold in the marketplace.
Floating-rate Debt
Debt instruments that have variable interest rates, which can change over the duration of the instrument based on market conditions.
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