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Carlos Was Born with Cataracts in Both Eyes, Which Were

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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


Definitions:

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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