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____ join roots to leaves and may be above or underground.
Duration
Measures the sensitivity of a bond's price to changes in interest rates, calculated as a weighted average of the times until the bond's cash flows are received.
Yield To Maturity
The total return anticipated on a bond if the bond is held until its maturity date, including all interest payments and the repayment of principal.
Coupon Rate
The interest rate that a bond issuer will pay to a bondholder, typically expressed as an annual percentage of the bond's face value.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, usually expressed in years.
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