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State the term - Redemption
Redemption is repayment of debt security at or before maturity. Redemption could at par or at a premium to face value. A debt security will be redeemed before maturity if issuer feels that he can borrow same amount at a lower rate of interest or he doesn't require the funds any longer. If there is a premature redemption (redemption before maturity date), a premium is generally paid to the debenture holders.
Will you please give the defination of "Future Value Of An Annuity"?
considering the following information,what is the prise of the share as per gorden''s model?
It is the exercise price at which the investor or the bondholder exchanges the bond for shares.
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