Examlex
Which of the following is generally NOT a characteristic of rights?
Coupon Rate
The interest rate that a bond issuer will pay to a bondholder, typically expressed as an annual percentage of the bond's face value.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, usually expressed in years.
Perpetuity
A financial term for a constant stream of identical cash flows with no end.
Yield
The earnings from an investment, like dividends or interest, shown as a percentage of the investment's original cost or its current market valuation.
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