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  3. Bonds Bonds are debt owed by a government or a company. / The holder of a bond is paid interest until the date when the bond

Bonds Bonds are debt owed by a government or a company. / The holder of a bond is paid interest until the date when the bond

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答案 Bonds Bonds are debt owed by a government or a company. / The holder of a bond is paid interest until the date when the bond matures. / Then the amount of the bond, its face value, is paid back. / Investors can buy a new bond and keep it until it matures. / Or they can buy and sell existing bonds. / The return on a bond is called the yield. / Yields and prices of existing bonds can change as investors trade them. / Yields fall when investors seek the security of bonds / and are willing to pay higher prices. / Yields increase as prices fall. /
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