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Which of the following accurately describes the chi-square test for independence?
Annual Coupon
The yearly interest payment paid to bondholders, based on the bond's face value.
Yield to Maturity
This refers to the total return anticipated on a bond if the bond is held until its maturity date.
Call Provision
A call provision is a term in the bond agreement that allows the issuer to repurchase and retire its bonds before the maturity date, typically at a premium.
First Mortgage Bonds
First mortgage bonds are bonds that are secured by a first-priority claim on specified assets in the event of liquidation.
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