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How many Electoral College votes are needed to secure the presidential office?
Par Value Bond
A par value bond is a bond that is issued at its face value, and the amount that is paid back to the bondholder at maturity.
Coupon Rate
The interest rate stated on a bond when it's issued, which represents the annual interest payment made to bondholders.
Modified Duration
A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, adjusted for the bond's yield.
Perpetuity
A type of annuity that pays an infinite series of cash flows, with no end date.
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