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Make an argument for user charges being both efficient and equitable.What information can user charges provide us that free provision can not?
Floating-Rate Bonds
Bonds with variable interest rates that adjust periodically based on a benchmark interest rate or index.
Coupon Rate
The interest payment made annually on a bond, shown in percentage terms of its face value.
Time To Maturity
The duration remaining until the final payment date of a loan, bond, or other financial instrument, at which point the principal (and usually the final interest payment) is due to be paid.
Interest Rate Risk
The risk that the value of an investment will decrease due to a change in interest rates.
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