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A necessary condition for successful economic development is democracy.
Yield-To-Maturity
An estimate of the total return expected on a bond if the bond is held until the date it matures.
WACC
Weighted Average Cost of Capital; a calculation of a firm's cost of capital in which each category of capital is proportionately weighted.
Return on Assets
A financial ratio indicating how profitable a company is relative to its total assets, used to assess how efficiently a company uses its assets to generate earnings.
Total Equity
The total net value of a company, calculated as total assets minus total liabilities, representing ownership value in the company.
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