Examlex
A bond that had a 20-year original maturity with 1 year left to maturity has more interest rate price risk than a 10-year original maturity bond with 1 year left to maturity.(Assume that the bonds have equal default risk and equal coupon rates, and they cannot be called.)
Punishable Offense
An act or behavior that is deemed illegal or wrong by law, subjecting the perpetrator to legal penalties or punishments.
Individualistic Culture
A culture that emphasizes personal autonomy and self-reliance, valuing individual rights and achievements over collective goals.
Job Security
The likelihood of a person maintaining their employment without facing unemployment risks.
Socialization
The process by which individuals learn and adopt the norms, values, and behaviors of their society.
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