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The higher the yield to maturity on a bond, the closer to par the bond will trade.
Increasing the yield to maturity will increase the difference between the par value and the price that buyers are willing to pay for it.
Small Companies
Businesses with a smaller scale of operations, employee base, and market presence, often characterized by lower revenues than larger corporations.
Business Firms
Business firms are commercial organizations engaged in the production, distribution, or sale of goods and services for profit.
Differentiated Product
A product that differs from its competitors based on features, quality, branding, or some other characteristics.
Perfectly Competitive
A market structure where many firms offer identical products, entry and exit are easy, and no individual buyer or seller has any influence over prices.
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