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When you see your shadow on a sunny day, it has a fuzzy edge. This is
Zero-Coupon Bond
A debt security that doesn't pay periodic interest, sold at a discount from its face value, and repays the face value at maturity.
Yield To Maturity
The total return anticipated on a bond if the bond is held until it matures, considering both the interest payments and the capital gain or loss.
Market Price
The price at which an asset or service is traded in the open market.
Treasury Bills
Short-term government securities issued at a discount from the face value and maturing at par, representing a form of borrowing by the government.
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