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As part of the selection process,Mark was required to take a test to determine if he had the necessary skills to perform the jobs successfully.What type of test did Mark take?
Callable Bonds
Bonds that can be redeemed by the issuer prior to their maturity date, often at a premium price.
Par Value
The face value of a bond or the stock value stated in the corporate charter, which is often a nominal amount.
Call Premium
The extra amount over the par value that a buyer must pay to purchase a call option, which gives the right, but not the obligation, to buy an asset at a specified price.
Zero-Coupon Bond
A type of bond that is sold at a discount to its face value, pays no interest (coupon), and is redeemed at its face value at maturity.
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