Briefly Explain the Term

question 23

Short Answer

Briefly explain the term
The yield to maturity is the single discount rate that implies the present value of the cash flows received from buying a bond is equal to its current price.It can be used for calculating the bond's price.Conceptually, it is the same as the internal rate of return (IRR).

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Definitions:

Trade Liberalization

The process of reducing tariffs, quotas, and other barriers to allow for the free flow of goods between countries.

Trade Agreements

Formal arrangements between countries to regulate tariffs, quotas, and other trade restrictions to facilitate and encourage international trade.

Trade Barriers

Government-imposed regulations such as tariffs, quotas, and embargoes that restrict the free flow of goods and services between countries.