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Lamarck's inheritance of acquired characteristics included the idea that
Basis Points
A unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument, where one basis point is equal to 1/100th of 1%.
Modified Duration
A measure of the sensitivity of a bond's price to changes in interest rates, adjusted to account for changes in yield.
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.
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