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In the past, the field of assessment attempted to develop __________ instruments, but found this impossible and has focused on developing culture-fair instruments.
Bonds
Securities issued by corporations or governments that represent a loan from the investor to the issuer, typically paying periodic interest payments and returning the principal at maturity.
Maturation
The process of becoming mature, either physically, emotionally, or in the case of products and ideas, reaching a state of full development.
Yield to Maturity
The total return expected on a bond if it is held until its maturity date.
Bonds
Fixed-income investments where an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.
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