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Chelsea is giving a speech and wants to reinforce the major ideas and wrap up the presentation.The type of clincher she may choose to use if she wants to reestablish her authority is _____.
Zero-Coupon Bond
A bond that does not pay periodic interest and is sold at a significant discount to its face value, which is paid at the bond's maturity.
Yield To Maturity
The total return anticipated on a bond if it is held until it matures, including both interest payments and the gain or loss incurred if purchased at a price different from its face value.
Face Value
The nominal or dollar value printed on a security, such as a bond or stock certificate, representing the amount due to the holder at maturity, not including interest or dividends.
Callable Bonds
Bonds that can be redeemed by the issuer prior to their maturity date, often at a premium price.
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