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In class, Dr. Myers presents factual information through lecture, demonstration, and rote practice, while Dr. Ing creates conditions that encourage her students to discover or construct knowledge for themselves. Dr. Myers and Dr. Ing are using different
360-Day Year
A financial convention that simplifies interest calculation by assuming a year has 360 days.
Commission
A fee paid for services, usually a percentage of the total cost.
Current Yield
The annual interest income of a bond, calculated by dividing the annual interest by the current purchase price.
Bond A
A type of fixed-income investment where an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.
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