Examlex
Which of the following is the most common selection tool?
Coupon Bond
A debt security that pays the holder a fixed interest payment (coupon) at regular intervals until the maturity date, when the principal amount is repaid.
Yield To Maturity
The total return anticipated on a bond if it is held until the date it matures, including both interest payments and the gain or loss realized on the principal amount.
Market Price
The current exchange rate for a service or asset in the open market.
Zero-Coupon Bonds
Bonds that do not pay periodic interest and are sold at a discount from their face value, with the full face value being repaid at maturity.
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