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Sam Is on the Local Council

question 3

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Sam is on the local council. He gets quite annoyed when some councillors argue for a 'user-pays' policy. Sam believes that many local amenities should be heavily subsidised to make more services available to the needy. Sam's belief is called:


Definitions:

Semi-Annually

Occurring or conducted twice a year.

Face Value

The nominal or dollar value printed on a bond, stock, or other financial instrument, representing the amount due at maturity.

Coupon Rate

The interest rate on a bond paid by the issuer, which is a fixed percentage of the bond's face value, yielding regular interest payments to the bondholder.

Yield To Maturity

The total return anticipated on a bond if it is held until the date of its maturity, including all interest and principal repayments.

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