Examlex
In simple terms,_______________ works on dividing up data points so that those in the same group are close to one another while those in different groups are far away.
Coupon Rate
The annual interest rate paid on a bond, expressed as a percentage of the bond's face value.
Market Rate
The prevailing interest rate available in the marketplace for investments of a similar nature and risk.
Premium
The amount by which the price of a financial instrument or commodity exceeds its face value or market value respectively.
Interest Expense
The cost incurred by an entity for borrowed funds, reflecting the price paid for the use of a lender's money.
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