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If you are planning on building a house, you can buy predrawn, ready-to-use architectural plans or you can hire your own architect to design a one-of-a-kind house that is an expression of your success. The need to design your own structure as opposed to using generic designs would more than likely be an example of a(n) _____ need.
Strip Bond
A Strip Bond is an investment vehicle created by separating a bond's periodic interest payments from its principal repayment obligation and selling each part as individual securities.
Yield Compounded
The process where investment gains earn additional earnings over time.
Holding-Period Return
The total return received from holding an asset or portfolio of assets over a period, typically expressed as a percentage.
Effective (Annualized) Yield
A calculation of the annual return on an investment, taking into account the effect of compounding interest.
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