Examlex
The greater the compounding frequency, the higher the present value, everything else the same.
Callable Bond
A type of bond that can be redeemed by the issuer before its maturity date at a predetermined price at certain times during its life, often at a premium.
Bondholder
An individual or entity that holds the debt securities issued by corporations or governments, entitling them to receive interest payments and the return of principal.
Specified Price
A predetermined price mentioned in a contract or agreement for the sale or purchase of an asset.
Maturity
The date on which a financial obligation or investment becomes due for payment or is scheduled to be redeemed or expire.
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