Examlex
What are the main uses of the foreign exchange market?
Par-Value
Par-value is the legal capital per share, established for stocks and bonds, representing a minimal value below which shares cannot be issued.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often used to assess interest rate risk.
Coupon Rate
The annual interest rate paid on a bond's face value to its holders, expressed as a percentage of the face value.
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