Examlex
According to the textbook, which of the following countries has the highest infant mortality rate?
Macaulay Duration
A measure of the weighted average time until all cash flows from a bond are received, used to gauge a bond's interest rate sensitivity.
Yield To Maturity
A measurement of the annual return an investor can expect from a bond if held to its end date, factoring in its price, interest payments, and time to maturity.
Zero-Coupon Bond
A bond that does not pay periodic interest payments but is sold at a deep discount from its face value and pays its full face value at maturity.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often used as an indication of interest rate risk.
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