The original issuer of a security is referred to as a borrower, and the purchaser is referred to as a lender. Most securities traded in the secondary markets belong to one of two broad classifications: bonds or stocks. Bonds are credit instruments redeemable in a given number of dollars and yielding a fixed return. Important characteristics of bonds include face (or par) value, maturity date, and coupon rate. Face values for most bonds are 5; 1 000, although some government issues have $ 10 000 face values. Face value represents the total amount of cash payable to the owner at the bond’s maturity date, which can range from 1 to 30 years. Prior to maturity, yearly coupon payments equal to the coupon rate times the face value are paid. These coupons represent a profit to the bond owner. Coupon rates on newly issued bonds closely follow the level of interest rates in the economy. Once set in the initial primary market sale, however, the coupon on a given issue will not change
A. part of a bond which shows the profit to the bond owner.
B. a ticket to buy something at a lower price.
C. a ticket that can be used as money.
D. a ticket that shows the face value of a bond.
A--Import licensing B--Export restrictions
C--Technical barriers D--Subsidies
E--Voluntary export restraints F--Import prohibition
G--Sanitary and phytosanitary measures H--Tax discrimination
I--Access restrictions J--Foreign ownership restrictions
K--Anti-dumping measures L--Government procurement
M--Import quota N--Domestic content regulations
O--Customs valuation P--Export licensing
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