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An offender is convicted of rape and sentenced to 30 years in prison. The judge says he would have imposed a greater sentence had the court been able if for no other reason than to remove the rapist from society for as long as possible. This is an example of which purpose of punishment?
Maturity
The date when the principal or nominal amount of a financial instrument, such as a bond or loan, becomes due and payable.
Par Value
The nominal or face value of a bond, stock, or coupon as stated by the issuer, typically not related to its market value.
Yield
The income return on an investment, such as the interest or dividends received, expressed as an annual percentage rate based on the investment's cost or current market value.
Zero-Coupon Bond
A bond that does not pay periodic interest and is sold at a significant discount to its face value, which is paid at the bond's maturity.
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