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What factor dominates all other factors in determining promotability?
Yield To Maturity
The total return anticipated on a bond if the bond is held until it matures, considering all payments and interest.
Semi-Annual Interest
Interest on a loan or security that is calculated and paid twice a year, often resulting in a compounding effect on the total interest earned or owed.
Coupon Bonds
Bonds that pay periodic interest payments to the holder based on a fixed interest rate (the coupon rate) until maturity, at which point the principal is repaid.
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