Examlex
All of the following are considered fixed income investments except
Modified Duration
A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, adjusted for the bond's yield.
Perpetuity
A type of annuity that pays an infinite series of cash flows, with no end date.
Duration
Duration measures a bond's sensitivity to interest rate changes, representing the weighted average time until a bond's cash flows are paid to the investor.
Annual Pay
The total monetary compensation an employee receives from their employer in a one-year period, including all forms of salary, bonuses, and other financial benefits.
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