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-In Figure 29.1 the area that represents the value to the consumer under perfect competition is
Yield To Maturity
The cumulative earnings forecasted from a bond assuming it is kept until its expiration date.
Annual Coupon
The yearly interest payment made to bondholders, generally expressed as a percentage of the bond's face value.
Face Value
The face value or the amount in dollars shown on a bond, note, or any financial instrument, representing its value upon reaching maturity.
Current Yield
A financial ratio that calculates the annual interest or dividends received from an investment as a percentage of the current market price.
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