Examlex
The substitution effect of a change in the price of bananas refers to the way in which a change in the
Par Value
The nominal or face value of a bond, share of stock, or coupon as stated by the issuer.
Coupon Rate
The interest rate stipulated on a bond or fixed-income security that the issuer pays to the holders periodically until maturity.
Current Yield
The annual income (interest or dividends) divided by the current price of the security, expressed as a percentage.
Yield to Maturity
The total return anticipated on a bond if held until it matures, including both interest payments and the appreciation or depreciation of the bond's value.
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