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The ______ Is a Measure of the Average Rate of Return

question 21

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The ______ is a measure of the average rate of return an investor will earn if the investor buys the bond now and holds until maturity.


Definitions:

Incorporated

The process of forming a corporation, which is a legal entity recognized by law as separate from its owners.

General Partnership

A business partnership where all partners share unlimited liability for the business's debts and obligations.

State Agency

An organization run by the state government, performing specific functions or services.

Corporation

A legal entity that is separate and distinct from its owners, which can own property, be taxed, and be held legally liable.

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