Examlex
To accommodate near and distant focus,the lens changes shape and focus by relaxation and tightening of the zonular fibers.What physiologic change of the normal aging process is typically corrected with bifocals?
Yield To Maturity
The total return anticipated on a bond if it is held until its maturity date, including all interest payments and the repayment of principal.
Bond's Duration
Bond's duration measures the sensitivity of the bond's price to changes in interest rates, often indicating the average time it takes for a bond to repay its true cost.
Price Volatility
The rate at which the price of a security increases or decreases for a given set of returns, representing the risk of price change.
Bond Swap
The process of selling one bond and purchasing another bond with different characteristics, often for tax optimization or to improve returns.
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