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  • A loan that requires the borrower to make the same payment every period until the maturity date is called a #141
  • A bond's future payments are called its #142
  • A credit market instrument that pays the owner the face value of the security at the maturity date and nothing prior to then is called a #143
  • If a $5,000 coupon bond has a coupon rate of 13 percent, then the coupon payment every year is #144
  • An $8,000 coupon bond with a $400 annual coupon payment has a coupon rate of #145
  • The bond markets are important because #146
  • The concept of ________ is based on the notion that a dollar paid to you in the future is less valuable to you than a dollar today. #147
  • Dollars received in the future are worth ________ than dollars received today. The process of calculating what dollars received in the future are worth today is called ________. #148
  • The process of calculating what dollars received in the future are worth today is called #149
  • With an interest rate of 5 percent, the present value of $100 received one year from now is approximately #150
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