Examlex
A scholarship recipient at State University may exclude from gross income the scholarship proceeds used to pay for:
6 ¾% Bond
A bond that pays an annual interest rate of 6.75% to its holder, typically issued by governments or corporations.
Yield To Maturity
Yield to maturity is the total return anticipated on a bond if the bond is held until it matures, considering all interest payments and the principal repayment.
8% Bond
A bond that pays an annual interest rate of 8% to its holders.
Current Yield
The annual return of a bond, expressed as a percentage of its current market price.
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