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Describe the role of the THECB in Texas.
Face Value
The nominal or dollar value printed on a bond, share, or other financial instrument, representing its value at issuance.
Bond Premium
The amount by which the market price of a bond exceeds its face value, typically occurring when the bond's interest rate is higher than current market rates.
Fair Value Through Profit
A financial accounting treatment where changes in fair value of assets or liabilities are recorded in the profit or loss for the period.
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