Examlex
Describe the market for corporate control and its implications for organizations.
Bond
A fixed income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental.
Zero-Coupon Bond
A bond paying no coupons that sells at a discount and provides only payment of face value at maturity.
Discount Rate
The interest rate used to discount future cash flows to their present values, often used in investment appraisal and risk assessment.
Duration
The measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often expressed in years.
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