Define Direct Evidence

question 59

Essay

Define direct evidence.Define circumstantial evidence. What is the difference? Define relevant evidence and explain why evidence must be relevant. Is relevant evidence always admitted?

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Definitions:

Price Volatility

The rate at which the price of an asset increases or decreases for a given set of returns, indicative of the risk or stability.

High Coupon

Bonds or debt securities that offer a higher interest rate compared to the market average.

Long Maturity

Long maturity refers to bonds or other fixed-income securities with a longer period until their expiry date, typically associated with greater sensitivity to interest rate changes.

Modified Duration

A measure of the sensitivity of a bond's price to changes in interest rates, reflecting how much the price is expected to change with a 1% move in rates.