A debt instrument without a maturity date and with a value determined by the current value of a benchmark group or index of other bonds. If the index gains, so does the index bond's value, while a drop in the index causes the index bond's value to fall. An investor could buy an index bond Denominated in a foreign currency to take advantage of a forex market view when investing.
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Purchasing Power Parity theory
Insider Trading and Securities Fraud Enforcement Act of 1988
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