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Table 3-6
-Refer to Table 3-5.How could England and Spain benefit?
Investment Grade
A rating that indicates a municipal or corporate bond has a relatively low risk of default, making it an attractive investment option for risk-averse investors.
Yield to Call
The yield of a bond or note if you were to buy and hold the security until the call date.
Call Premium
The amount above the par value a bondholder receives if the issuer redeems a bond before its maturity date.
Semiannually
A term describing an action or event that occurs twice a year.
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