Examlex
Paul Hogan's Aussie ruggedness personified ________ for the Subaru Outback wagon.
Modified Duration
A measure of the sensitivity of a bond's or bond portfolio's price to changes in interest rates, adjusting for the changing yield to maturity.
Market Yield
The current yield of a bond or other fixed-income security, calculated by dividing the annual interest income by the current market price.
Par-Value
The face value of a bond or stock as stated by the issuer, which is typically the amount repaid at maturity for bonds.
Modified Duration
A formula used to determine the sensitivity of a bond's price to a 1% change in interest rates, indicating the percentage change in price for each percentage point change in yields.
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