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ZERO BOND: Also termed a zero coupon bond, a bond that does not pay interest, in which the return is generated by the difference between the purchase price and the face value paid at maturity. Because they do not pay interest, zero bonds are sold at a discount. For example, a $10,000 zero bond that matures in one year, would generate a 10% return if it sold at a discount of $9,000.

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Lesson 6: Supply | Unit 1: Selling Basics Page: 2 of 19

Topic: Supply Price <=PAGE BACK | PAGE NEXT=>

There's more we need to consider about supply. First the supply price.

Supply price is the minimum price that sellers would be willing and able to accept for a given quantity of a good.

  • Sellers have an lower limit on the price that they would be willing and able to accept for a good, compared to the upper limit of the demand price.
  • Sellers are willing and able to accept a higher price. In fact, they would be glad to sell a good for a billion dollars... or more.
  • The minimum supply price is based on the fact of economic life that people prefer more to less.

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SCIENCE

A discipline, or topic of study, that uses the scientific method to investigate and explain the operation of the world by testing and verifying hypothesized relations. Science is commonly divided into physical sciences (including chemistry, physics, and biology) and social sciences (including economics, sociology, and political science). Science is not just a subject, but a method of investigation using the scientific method.

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RED AGGRESSERINE
[What's This?]

Today, you are likely to spend a great deal of time at a going out of business sale looking to buy either a how-to book on building remote controlled airplanes or an extra large beach blanket. Be on the lookout for door-to-door salesmen.
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A lump of pure gold the size of a matchbox can be flattened into a sheet the size of a tennis court!
"The secret of getting ahead is getting started. The secret of getting started is breaking your complex, overwhelming tasks into small manageable tasks, and then starting on the first one. "

-- Mark Twain, writer

EBIT
Earnings Before Interest and Taxes
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