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According to new growth theory, the accumulation of ________ capital is subject to diminishing returns at the ________ level, but not at the level of the economy as a whole.
Basis Point
A unit of measure used in finance to describe the percentage change in value or rate of a financial instrument, equal to 1/100th of 1%.
Coupon Rate
The percentage of face value paid as interest on a bond each year.
Current Yield
The interest or dividend income an investment generates, expressed as a percentage of the investment's current market price.
Face Value
The original value of a financial instrument as stated on the certificate or contract.
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