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Other things being equal, discuss how the following provisions can affect the yield to maturity of bonds: Call provision Restriction on further borrowing Provision on specific collateral for the bond Option to convert the bonds into shares
Monthly Income
The total income received every month from all sources including salaries, benefits, and investments.
Purchase Bundle
A combination of goods and services that a consumer buys at a given time.
Budget Constraint
Refers to the limitations on the consumption choices of individuals based on their income and the prices of goods and services.
Choice Set
A set of all possible options available to a consumer from which he or she can make a selection.
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