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Correctional programs are operated by which level(s) of government?
Zero-Coupon Bonds
Bonds that do not pay periodic interest, instead being sold at a discount and maturing at face value, offering a profit at redemption.
Yield To Maturity
The total return anticipated on a bond if the bond is held until it matures, considering all payments of principal and interest at expected times.
Zero-Coupon Bond
A Zero-Coupon Bond is a debt security that does not pay interest (coupon) during its life but is issued at a substantial discount to its face value, with the face value being repaid at maturity.
Forward Interest Rate
An interest rate agreed upon for a loan or investment in the future, often derived from the yield curve of current interest rates.
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