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Consider GDP calculated as expenditures. GDP would increase if
Price Sensitivity
A measure of how the price of a product or service affects the demand for that product or service.
Par Value Bond
A bond that is selling for its original face value, as opposed to above (a premium) or below (a discount).
Modified Duration
A measure of the sensitivity of a bond's price to changes in interest rates, indicating the price change in percentage terms for a yield move of one percent.
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