Examlex
What factors are used to determine whether punitive damages are reasonable?
Yield
It refers to the earnings generated and realized on an investment over a particular period, expressed as a percentage.
Duration
A measure of the average life of a bond, defined as the weighted average of the times until each payment is made, with weights proportional to the present value of the payment.
Bond
A fixed income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental.
Zero-Coupon Bond
A bond paying no coupons that sells at a discount and provides only payment of face value at maturity.
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