Examlex
What does LCAO stand for?
Straight Bond
A fixed-income security that pays a fixed interest rate until maturity, at which point the principal is repaid; does not have any special features like convertibility or callability.
Coupon Rate
The annual interest earnings of a bond, represented as a percentage of its stated value.
Yield To Maturity
The total return expected on a bond if held to its maturity date, taking into account its current market price, interest payments, and face value.
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