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The current yield exceeds the yield to maturity if interest rates fall.
Occurs
Refers to the happening or presence of an event, observation, or realization in a specific context or scenario.
Joint Probability
The probability of two events happening at the same time.
Intersection
The point or set of points where two or more geometric figures meet or cross.
Mutually Exclusive
Situations or events that cannot occur at the same time, meaning if one happens, the other cannot.
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