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Oh! Wow! Markets, Inc., rejects a shipment of non-perishable canned turkey that does not conform to its contract with Poultry Processing Corporation, but is unable to obtain instructions from the seller. Oh! Wow! Markets can
Discount
A reduction in the price of a good or service, or in finance, the process of determining the present value of a payment or stream of payments that is to be received in the future.
Yield To Maturity
An investor's annualized return on a bond if held to its maturity date, considering all coupon payments and the principal repayment.
Zero Coupon Bond
A debt security that doesn't pay periodic interest but is traded at a deep discount, providing profit at maturity when the bond is redeemed for its full face value.
Current Yield
The annual income (interest or dividends) divided by the current price of the security.
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