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Use the figure below to answer the following questions.
Figure 24.5.2
-Refer to Figure 24.5.2. Which one of the following best describes the response to a rise in the market price of bonds?
Holder
An individual or entity that legally owns or possesses a document, such as a contract or financial instrument.
Drawer
The party that writes an order or the person who writes a check.
Accommodation Party
A party who signs an instrument to provide credit for another party who has also signed the instrument.
Credit
The granting of a loan and the creation of debt; any form of deferred payment, or the ability of an individual or company to borrow money with the promise to repay it at a later date.
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