Examlex
The sum of the entries in each column of a transition matrix must not exceed 1.
SEC
Stands for the Securities and Exchange Commission, which is a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry, including stock and options exchanges.
Par Value
The face value of a bond or stock as designated by the corporation at the time of issuance.
Fair Value
An estimate of the market value of an asset or liability, based on current prices in an active market.
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