Examlex
Which of the following represents a type of nonnarrative program?
Interest Rates
The cost of borrowing money or the return on investment for savings, typically expressed as a percentage.
Interest Sensitivity
The degree to which the price of a financial asset responds to changes in interest rates.
Coupon
In finance, a coupon refers to the annual interest payment made to bondholders, expressed as a percentage of the bond’s face value.
Callable
A bond or other financial security feature that allows the issuer to buy back the security before its maturity date.
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