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The Copernican system was no more accurate than the Ptolemaic system in predicting the positions of the planets because of a key factor unchanged from the Ptolemaic system.What was that factor?
Present Value
A calculation that determines the current value of an amount of money to be received in the future, discounted at a specific interest rate.
Yield To Maturity
Yield to maturity is the total return expected on a bond if the bond is held until it matures, including all interest payments and the repayment of par value.
Annual Coupon
A fixed interest rate paid by a bond issuer to the bondholder, typically paid annually.
Face Value
The nominal or dollar value printed on a securities certificate or instrument, such as a bond or stock, representing the value at issuance.
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