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Describe the primary (or traditional) branches of oceanography and give an example of how modern technology has been used to advance our knowledge in the field.
Coupon Rate
The annual interest rate paid by a bond's issuer to its bondholders, usually expressed as a percentage of the bond's face value.
Yield To Maturity
The total return anticipated on a bond if the bond is held until its maturity date, considering all interest payments and the principal repayment.
Modified Duration
A measure of the sensitivity of a bond's price to changes in interest rates, reflecting the change in the bond’s price for a 1% change in yield.
Annual Interest
The percentage of interest that will be charged or earned on an investment or loan, calculated on an annual basis.
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