Examlex
What is the purpose of guidelines at the beginning of each section of the CPT code book?
Yield to Maturity
The expected overall yield of a bond, assuming it is retained until its maturity date, comprising of both interest earnings and profits from capital appreciation.
Coupon Rate
Yearly interest percentage on a bond, calculated against its nominal value.
At Par
Refers to a financial instrument (e.g., bond or stock) being traded at its face value.
Convertible Bond
A type of corporate bond that can be converted into a pre-specified amount of the issuing company's equity at certain times during its life, usually at the discretion of the bondholder.
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