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In using the stepping-stone method, the path can turn at any box or cell that is unoccupied.
Market Yield
The current annual income returned on an investment, measured as a percentage of the investment's market price.
Zero-Coupon
A type of bond that does not pay periodic interest payments and is instead sold at a discount to its face value, with the full face value received by the holder at maturity.
Yield To Maturity
The total return anticipated on a bond if the bond is held until its maturity date, taking into account its current market price, face value, interest payments, and time to maturity.
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