Examlex
Two events are independent if the occurrence of one has no effect on the probability of occurrence of the other.
Market Price
The real-time price for buying or selling an asset or service.
Face Value
The nominal or dollar value printed on a security or currency, indicating its legal worth.
Coupon Rate
The annual interest rate paid by a bond's issuer to its holders, usually expressed as a percentage of the bond's face value.
Yield
The income return on an investment, such as the interest or dividends received, expressed as an annual percentage.
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