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3M researcher worked with university students to develop the Post-it® Flag Highlighter.His team evaluated the technical feasibility of the proposed design and determined whether the idea met the firm's new-product objectives.At which stage of the new-product process was this product?
Modified Duration
A measure of the sensitivity of a bond's price to changes in interest rates, reflecting how much the price is expected to change with a 1% move in rates.
Yield Change
A change in the rate of return on an investment, often used in the context of bonds to indicate a change in interest rates or bond prices.
Price Decline
A decrease in the market price of an asset or security over a certain period.
Zero-Coupon Bond
A bond that does not pay periodic interest payments and is issued at a discount to its face value, which is paid at maturity.
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