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Which of the following is characteristic of the lytic cycle?
Unsecured Bond
A bond that does not have specific assets as collateral, making it riskier than secured bonds, thereby relying on the issuer's creditworthiness.
Par Value
A nominal value of a security or stock set by the issuing company, which may not reflect its market value.
Premium
An amount paid for an insurance policy or the amount by which a bond or stock sells above its face value.
Callable Bonds
Bonds that can be redeemed by the issuer before their maturity date at a predetermined call price.
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