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In this video tutorial, we learned about pricing bonds on both the primary and secondary markets. However, we have not yet considered the fact that bonds are sold over a period of multiple days, rather than just one day. The trade and settlement dates of bonds are key points to be aware of in this process. The trade date involves the agreement between the buyer and seller on the terms of the bond, including price, face value, coupon rate, and maturity. This agreement signifies that the bond will be purchased, and is an important step in the overall process of selling a bond.