Examlex
The advantages of generalized audit software include all of the following except:
Bond Rating
An assessment or grade given to bonds that indicates their credit quality and the likelihood of the issuer defaulting.
Investment Grade
A rating that indicates a municipal or corporate bond has a relatively low risk of default, making it an attractive investment option for risk-averse investors.
Yield to Call
The yield of a bond or note if you were to buy and hold the security until the call date.
Call Premium
The amount above the par value a bondholder receives if the issuer redeems a bond before its maturity date.
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