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Describe an experiment demonstrating that maladaptive behavior can be shaped.
Maturity
The expiration date of a financial instrument, at which point the principal (and all remaining interest) is due to be paid.
Coupon Rate
The annual interest rate paid by bond issuers on the bond's face value.
Duration
A financial metric that indicates the sensitivity of a bond's price to changes in interest rates, commonly measured in years.
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