Examlex
A newly hatched cuckoo bird is blind, but contact with an object beside it stimulates it to push the object out of the nest. Which term best describes this behavior?
Market Yield
Refers to the expected yield of a bond based on its current price in the market, which can fluctuate with changes in interest rates and market conditions.
Bond Price
The market value of a bond, which fluctuates based on interest rates, the bond's credit quality, and other factors.
Par Value Bond
A par value bond is a bond that is issued at its face value, and the amount that is paid back to the bondholder at maturity.
Coupon Rate
The interest rate stated on a bond when it's issued, which represents the annual interest payment made to bondholders.
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