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A patient is brought to the emergency department following a motor vehicle accident. The patient jerks away from the nurse attempting to start an IV in the right arm and says, "Bring me my book. I need to eat." When asked what happened in the accident, the patient looks frantically from nurse to nurse and says, "I have a dog." Calculate the patient's Glasgow Coma Scale score.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, expressed in years.
Today's Dollars
An amount of money adjusted for inflation to reflect current purchasing power, often used to compare money values at different times.
Investment
The allocation of resources, such as capital or time, in anticipation of generating income or profit.
Modified Duration
A measure of the sensitivity of a bond's price to a change in interest rates, adjusting for the fact that the bond's cash flows change as yields change.
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