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The appropriate measure of dispersion for nominal data is
Reinvestment Rate Risk
The risk that the yield from reinvesting cash flows will be lower than the initial investment's yield, typical in fixed-income securities.
Zero Coupon Bonds
Bonds that do not pay periodic interest payments and are instead sold at a discount from their face value and redeemed at maturity for the full face value.
Coupon Payments
Periodic interest payments made to bondholders, usually on an annual or semi-annual basis, as compensation for investing in the bond.
Maturity Risk Premium
The additional return that investors demand for bearing the risk associated with holding a longer-term debt instrument.
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