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An egalitarian society
Coupon Rate
The annual interest rate paid by a bond expressed as a percentage of the bond's face value.
YTM
Yield to Maturity, the total return anticipated on a bond if held until it matures.
Premium Bonds
Bonds sold for more than their face value due to offering interest rates higher than the current market average.
Discount Bonds
Bonds that are sold for less than their face value, typically reflecting that the market interest rates are higher than the bond's coupon rate.
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