Examlex
Tech A says that multidisc clutches are used to drive or hold planetary gear components. Tech B says that bands are used to drive planetary gear components. Who is correct?
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often used as an indication of interest rate risk.
Coupon Bond
A type of bond that pays the holder a fixed interest rate (the coupon) at regular intervals until the bond matures, when the principal amount is repaid.
Zero-Coupon Bond
A debt security that doesn't pay interest (a coupon) but is traded at a deep discount, offering profit at maturity when the bond is redeemed for its full face value.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates.
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