Examlex
Higher productivity is the most direct route to higher living standards.
Holding Period
The duration of time an investment is held before being sold.
Modified Duration
A measure that estimates how the price of a bond will change in response to a change in interest rates, adjusting for the bond's yield to maturity.
Convexity
The curvature of the price–yield relationship of a bond.
Yield
The annual percentage yield received from an investment, including interest or dividends, relative to the cost of that investment.
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