Examlex
The NPV of an project with an initial investment of $1,000 that provides after-tax operating cash flows of $300 per year for four years where the firm's cost of capital is 15 percent is $856.49.
Indenture
The contract between the bond issuer and the bondholder.
NYSE Hybrid Market
A trading platform that combines electronic trading and traditional floor trading methods to increase efficiency and flexibility in trades.
Immediate Electronic Execution
A system or process that allows financial transactions to be conducted and completed instantaneously via electronic platforms.
Price Improvement
The potential for a trade to be executed at a better price than what is currently quoted publicly, offering a benefit to the buyer or seller.
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