Examlex
In a TQM program, what is benchmarking?
Coupon Bond
A type of bond that pays the holder a fixed interest rate (coupon) over its lifetime, and the principal amount is repaid at maturity.
Yield To Maturity
Yield to Maturity (YTM) is the total anticipated return on a bond if the bond is held until it matures, accounting for interest payments and principal repayment.
Par Value
Par value is the face value of a bond or the stock value stated in the corporate charter, which signifies the minimum price that the securities can be issued for.
Coupon Rate
The interest rate on a bond, expressed as a percentage of the bond's face value, paid by the bond issuer to the bondholder.
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