Examlex
Brian has been diagnosed with schizophrenia.He is accused of stealing from a jewelry store and is currently being treated in a psychiatric hospital to assess his competency.Which of the following are correct regarding Brian's situation?
Par Value
The face value of a bond or stock as stated by the issuing company, which may differ from its market value. For bonds, it's the amount to be repaid at maturity; for stocks, it's the nominal value assigned upon issuance.
Callable Bond
A type of bond that gives the issuer the right to redeem the bond at a predetermined price before its maturity date.
Yield To Call
The rate of return anticipated on a bond if it is held until the call date, before the bond's maturity date.
Par Value
The face value of a bond or stock, representing the amount the issuer will return to the holder at maturity.
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