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Fixed Income

Across
What calculation method is being used to adjust the cost basis?
A bond trading at $1,086.50 is said to be trading at a
A decimal value reflecting the proportion of the outstanding principal balance of a mortgage security, which changes over time, in relation to its original principal value.
The amount by which a security’s price at issuance is lower than its par value.
Any bond trading below $1,000 is said to be trading at a
What is the difference between the bid and the ask price of the bond, part of which is a commission that goes to the broker or dealer.
Down
A securities market that is conducted by dealers throughout the country through negotiation of price rather than through the use of an auction system as represented by a stock exchange.
What is used to measure the differences in bond yields (one hundredth of one percentage point)
It measures what the return on a bond is if it is held to maturity and all coupons are reinvested
What is the lowest price offered by sellers of the issue.
The risk that interest and principal payments due on the obligation will not be made as required.
A bond issued by a state or local governmental unit.
Some bonds can be paid off by an issuer before maturity. What kind of bond is it?
The interest rate that the issuer of the bond promises to pay the bondholder.
Face value of the bond, which is the amount that is returned to the investor when the bond matures.