The Portuguese Mariner Whose Fleet Sailed Around the World in the Early

question 96

Short Answer

The Portuguese mariner whose fleet sailed around the world in the early 1500s was ____________________.

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Definitions:

Yield To Call

The total return anticipated on a bond if it is held until the date it is called by the issuer, including interest payments and the call price.

Call Price

The price at which a bond or other financial security can be repurchased by the issuer before its maturity date, as specified in the callable feature.

Par-value

The nominal or face value of a bond, share of stock, or other financial instrument, representing the value at which it will be redeemed at maturity.