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Smith is sleeping when the police knock on his door to question him regarding a kidnapping and rape. The police take him to the station because he doesn’t want to talk in front of his wife. He is put in a lineup but the victim is unable to identify him. In the interrogation room, Smith asked how he did, and the Detective replies, “You flunked.” After two hours of questioning, he signed a written confession admitting guilt. At his subsequent trial the only prosecution exhibit was the signed confession. The jury quickly returned guilty verdicts for kidnapping and rape.
-What constitutional amendment(s) are important in Smith's case?
Callable Bonds
Bonds that can be redeemed by the issuer prior to their maturity date, often at a premium price.
Par Value
The face value of a bond or the stock value stated in the corporate charter, which is often a nominal amount.
Call Premium
The extra amount over the par value that a buyer must pay to purchase a call option, which gives the right, but not the obligation, to buy an asset at a specified price.
Zero-Coupon Bond
A type of bond that is sold at a discount to its face value, pays no interest (coupon), and is redeemed at its face value at maturity.
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