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What factors combined to change Russian fortunes in the war after 1941?
Expectations Theory
A theory related to the term structure of interest rates, suggesting that the long-term interest rates reflect expected future short-term interest rates.
Forward Rate
The agreed-upon exchange rate for a currency, security, or commodity to be delivered and paid for at a future date, used in forward contracts.
Zero-coupon Bonds
Bonds that are issued at a discount to their face value and do not pay interest during their life but are redeemed at full face value at maturity.
Coupon Rate
Yearly rate of interest on a bond, indicated as a percentage of its face value.
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