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Who formalized the distinction between proximate and ultimate explanations of behavior?
Coupon Rate
The annual interest rate paid by a bond expressed as a percentage of the bond's face value.
Current Yield
A bond’s annual interest payment divided by its market price.
Yield to Maturity
The total return anticipated on a bond if it is held until the end of its lifetime.
Market Interest Rate
The prevailing rate at which borrowers can obtain loans and lenders can offer funds in the financial market.
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