Examlex
Providing useful __________ and/or __________ is a broad purpose that all organizations share.
Perpetuity
An annuity that pays a constant stream of cash flows indefinitely.
Duration
An indicator of how a bond or debt security's price is affected by interest rate fluctuations, usually stated in terms of years.
Yield
The income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment's cost or current market value.
Convexity
A gauge of how changes in interest rates affect the relationship between the price of bonds and their yields, showing alterations in the bond's duration.
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