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Premium
An amount paid for an insurance policy, or the price above the normal or nominal cost in financial transactions.
Discount
A reduction from the usual cost of something, often expressed as a percentage off the original price.
Convertible Bond
A financial instrument that allows the bondholder to convert the bond into a predetermined number of shares of common stock of the issuing company.
Market Value
The dollar amount required to replace the inventory as of the inventory date.
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