Instructions: Identify the Following

question 104

Essay

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
John Steinbeck, The Grapes of Wrath

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Definitions:

Price Sensitivity

A measure of how the price of a product or service affects the demand for that product or service.

Par Value Bond

A bond that is selling for its original face value, as opposed to above (a premium) or below (a discount).

Modified Duration

A measure of the sensitivity of a bond's price to changes in interest rates, indicating the price change in percentage terms for a yield move of one percent.