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Use the binomial theorem to expand the expression. ( 3 x + 4 y ) 3
Face Value
The nominal or dollar value printed on a security, such as a bond or stock certificate, representing the amount due to the holder at maturity, not including interest or dividends.
Callable Bonds
Bonds that can be redeemed by the issuer prior to their maturity date, often at a premium price.
Par Value
The face value of a bond or the stock value stated in the corporate charter, which is often a nominal amount.
Call Premium
The extra amount over the par value that a buyer must pay to purchase a call option, which gives the right, but not the obligation, to buy an asset at a specified price.
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