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Carlos was born with cataracts in both eyes, which were removed when he was 5. However, because Carlos lacked visual experiences during early childhood, he
Yield To Maturity
The total return expected on a bond if held until it matures, including all interest and principal repayments.
Semiannually
Occurring twice a year or every six months.
Present Value
The current assessment of a future cash sum or cash flow streams, discounted at a defined rate of return.
Coupon
The interest payment made to bondholders, typically expressed as an annual percentage of the bond's face value.
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