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In an attempt to mitigate the impact humans have on the climate system, representatives from 160 countries met to work out a formal agreement, called the ____, to limit greenhouse gas emissions in industrialized nations.
Zero-Coupon Bond
A bond that does not pay periodic interest payments and is sold at a discount from its face value. The bond's profit comes from the difference between its purchase price and its face value at maturity.
Yield To Maturity
The total return anticipated on a bond if the bond is held until it matures, including interest payments and the difference between the bond’s purchase price and its face value.
Maturity Value
The amount payable to the holder of a financial instrument at its maturity date, including the principal and any accrued interest.
Present Yield
The current return on an investment, often calculated as the annual dividend or interest divided by the current market price of the asset.
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