The Meaning of the Metric Prefix Milli- Is 1000

question 59

True/False

The meaning of the metric prefix milli- is 1000.

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Definitions:

Yield to Maturity

The total return anticipated on a bond if the bond is held until its maturity date, taking into account both interest payments and capital gain.

Zero-Coupon Bond

A debt security that does not pay interest (coupon) during its life but is traded at a deep discount, offering a profit at maturity when the bond is redeemed for its full face value.

Market Price

Market Price is the current price at which an asset or service can be bought or sold in a competitive marketplace.

Treasury Bond

A long-term, interest-bearing security issued by the U.S. government, considered one of the safest investments due to government backing.