An Increase in the Number of Individuals Incarcerated for Drug

question 2

Short Answer

An increase in the number of individuals incarcerated for drug offenses can explain why there is an increased number of prisoners who have ______.

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Definitions:

Maturity Date

The date when the bond’s par value is repaid to the bondholder. Maturity dates generally range from 10 to 40 years from the time of issue.

Default Probability

The likelihood that a borrower will be unable to meet debt obligations, leading to a default on the obligation.

Annual Coupon

The interest payment made by a bond issuer to the bondholders, usually annually.

Yield To Maturity (YTM)

The rate of interest earned on a bond if it is held to maturity.