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The faster a cheetah can run, the more likely it is to capture its prey. Cheetahs with longer legs are able to run faster than those with shorter legs. Although the existing cheetah population shows a variety of leg lengths, cheetah legs are not increasing in length from one generation to the next. Which of the following is the most likely explanation?
Annual Coupon
The yearly interest payment made by a bond issuer to its bondholders, usually fixed at the time of issuance.
Yield to Maturity
The total expected return on a bond if held until its maturity date, considering all payments from interest and principal, expressed as an annual rate.
Mortgage Bonds
Bonds secured by a mortgage on a property, providing bondholders a claim against the property in case of default.
Debentures
A type of debt instrument that is not secured by physical assets or collateral but backed only by the general creditworthiness and reputation of the issuer.
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