Examlex
Descriptive research:
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, typically expressed in years.
Par Value
The nominal or face value of a bond, stock, or other financial instrument, representing the value at which it will be redeemed at maturity or the value on which dividends or interest are calculated.
Coupon Rate
A bond's annual yield rate, represented as a percentage of its par value.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, often expressed in years.
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