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The duration of a 20-year zero-coupon bond is equal to the maturity, regardless of the market rate.
Drafted
Selected or conscripted for military service, or more broadly, chosen for a specific task or duty.
Decent Housing
Housing that is safe, affordable, and appropriate for the residents, meeting basic living standards.
Densely Populated
An area characterized by a high concentration of people living in a given spatial or geographical unit.
Great Depression
A severe worldwide economic downturn that took place during the 1930s.
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