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Which equation is correct?
Interest Rates
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the outstanding loan.
Yield Curves
Graphs showing the relationship between interest rates and the time to maturity of debt securities.
Bid-Ask Prices
The prices at which buyers are willing to purchase (bid) and sellers are willing to sell (ask) financial securities in the markets.
Measurement Date
The specific date at which the fair value of assets and liabilities is determined for accounting purposes.
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