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Projects are constrained only by the scope, schedule, and budget.
Present Value
The current assessment of a future cash sum or cash flow streams, discounted at a defined rate of return.
Coupon
The interest payment made to bondholders, typically expressed as an annual percentage of the bond's face value.
Coupon Bond
A type of bond that offers periodic interest payments to the holder through fixed "coupons" and the return of the principal at maturity.
Yield To Maturity
The total return expected on a bond if held until its maturity date, including both interest payments and capital gains.
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