Examlex
Suppose Canada imposes a 20% tariff on imported textiles.Which of the following will occur?
1) an increase in producer surplus for Canadian textile producers
2) a reduction in the quantity of textiles imported
3) a reduction in the consumption of textiles in Canada
Promised Yield
The return a bond issuer commits to pay to bondholders, usually expressed as an annual percentage.
Modified Duration
A measure of the sensitivity of a bond's price to changes in interest rates, indicating the percentage change in price for a one percent change in yield.
Yield To Maturity
The total return anticipated on a bond if it is held until its maturity date.
Semiannually
A term indicating that an event or action occurs twice a year.
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