Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to calculate an apy of a bond [title] Analyze the terms of a bond. [step] The amount you invest is called the " face value " of the bond, while the interest rate is called the " coupon rate. " the maturity date is the date you receive repayment of the amount you invested plus the interest owed to you.

Ending1: The face value of a bond includes the total amount you invested and any interest that gave rise to the bond. [substeps] The maturity date is generally placed at the top of your contract. Ending2: The bond term, by contrast, is the number of years elapsed since you entered into your bond. The length of time you've had a bond in default is known as your " principal year. Ending3: [substeps] Figuring out the apy is helpful when comparing investments. Bonds can be issued for terms ranging from a few months to as much as 30 years. Ending4: The interest rate of the bond is also called the " summary " of the bond. [substeps] Bonds with an " apy rate " are valued as a percentage of the growth.

Answer format: ending1/ending2/ending3/ending4