Examlex
Explain what ethical leadership is in the context of ethical behavior in organizations and decision making and how ethical competence can be developed.
Yield to Maturity
The total return anticipated on a bond if the bond is held until it matures, factoring in all interest payments made over time.
Zero-coupon Bond
A bond that does not pay interest during its life and is sold at a discount from the face value, which is paid to the holder at maturity.
Forward Interest Rate
A rate that is deduced from current bond yields, representing the expected future interest rate between two periods.
Bond Stripping
Selling bond cash flows (either coupon or principal payments) as stand-alone zero-coupon securities.
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