Examlex
Explain the five elements of advance care directives and the effects of each on the patient.
Duration
Duration measures a bond's sensitivity to changes in interest rates, representing the weighted average time to receive the bond's cash flows.
Payments
Transactions or transfers of money from one person or entity to another.
Duration
A metric indicating how the price of a bond or another type of debt instrument reacts to interest rate fluctuations, usually denoted in years.
Interest Rates
The cost of borrowing money or the return on investment for savings, typically expressed as a percentage.
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