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Describe the Affordable Method approach for establishing a budget.
Bond Duration
A measure of the sensitivity of a bond's price to changes in interest rates, representing the weighted average time until a bond's cash flows are received.
Coupon Rate
The annual interest rate paid on a bond, expressed as a percentage of the face value.
Yield To Maturity
The total return anticipated on a bond if it is held until the maturity date, taking into account both the interest payments and capital gains or losses.
Bond Duration
The weighted average time until the cash flows of a bond are received, serving as an indicator of the bond's sensitivity to interest rate changes.
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