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Statement I: In Western Europe and the United States,the corporation became the dominant form of business enterprise by the second half of the 19th century.
Statement II: In the Islamic Middle East,the corporation first came into wide use in the latter part of the 18th century.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, typically expressed in years.
Price Volatility
The rate at which the price of a security increases or decreases for a given set of returns, often measured by the standard deviation of historical daily price changes.
Coupon Rate
The interest rate on a bond paid by the issuer, expressed as a percentage of the bond's face value.
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