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How Pendle Principal Tokens Turn a Discount Into a Maturity Return

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How Pendle Principal Tokens Turn a Discount Into a Maturity Return

An early sale replaces the maturity payoff with a market price. A worked example separates annualized yield, redemption units and costs.

An early sale replaces the maturity payoff with a market price. A worked example separates annualized yield, redemption units and costs.

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