Examlex
Motives are BEST described as _____ that propel people in certain directions.
Promised Yield
The return that a bond issuer agrees to pay to the bondholder until maturity, expressed as an annual percentage.
Coupon Rate
The annual interest rate paid by a bond issuer to the bondholder, usually expressed as a percentage of the bond's face value.
Duration
A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates, often expressed in years.
Perpetuities
A type of annuity that receives an infinite series of identical cash flows with no end.
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