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The peasant revolt that brought down the preoccupied Ming Dynasty, and precipitated the ascension to control of the Manchus, was led by the disgruntled postal worker,
Par-value
The face value of a bond or stock, as stated by the issuing company, which is typically the amount paid out at maturity for bonds.
Yield To Maturity
The total return anticipated on a bond if the bond is held until it matures, taking into account both current income and capital gains or losses.
Zero-coupon Bonds
Debt securities that are issued at a discount to their face value and do not pay interest during their life but are redeemed at full face value at maturity.
Yield To Maturity
The total return expected on a bond if the bond is held until its maturity date, incorporating both interest payments and the capital gain or loss.
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