Examlex
Which best describes the function of the axis?
Premium
The amount by which the price of a financial instrument or insurance policy exceeds its face value or the cost above the normal price.
Modified Duration
A measure indicating the sensitivity of a bond's price to changes in interest rates, estimating the percentage price change for a parallel shift in yield curves.
Yield
The income return on an investment, such as the interest or dividends received, expressed as an annual percentage of the investment's cost.
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