The Biological Pump in the Ocean

question 16

Multiple Choice

The biological pump in the ocean

• A) circulates oxygen.
• B) moves carbon toward the surface.
• C) moves carbon to deeper waters.
• D) is independent of the atmosphere.
• E) none of the above

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Definitions:

Yield To Maturity

The total return anticipated on a bond if the bond is held until its maturity date, including all interest payments and the repayment of principal.

Coupon Rate

The interest rate that a bond issuer will pay to a bondholder, typically expressed as an annual percentage of the bond's face value.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, usually expressed in years.

Perpetuity

A financial term for a constant stream of identical cash flows with no end.