Examlex
By using resources in an efficient and effective manner to reach organizational goals, managers may reach their ultimate responsibility of achieving high __________.
Corporate Bond
A type of debt security issued by corporations to raise capital, promising to pay back the face value plus interest.
Coupon Rate
The interest rate stipulated on a bond’s certificate, paid to its holder at specified intervals until maturity.
Yield To Maturity
The total return anticipated on a bond if it is held until the end of its lifetime, accounting for interest payments and price changes.
Modified Duration
A formula that predicts the change in a bond's price for a 1% change in interest rates, considering the bond's yield to maturity.
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