NISM PMS Distributors ( NISM 21A ) Certification Exam Notes
Page 36 Of 122
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Coupon Rate: Fixed percentage of face value paid periodically.
Face Value: Principal amount repaid at bond maturity.
Discount Bonds: Sold below face value, offering capital gains at maturity.
Premium Bonds: Sold above face value, often due to low market rates.
Bond Risks: Include interest rate, credit, and liquidity risks.
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