Examlex
When a psychological contract is broken,both parties renegotiate to create a new contract.
Dividend Yield
A financial ratio that indicates how much a company pays out in dividends each year relative to its share price.
Coupon
The interest rate disbursed annually on a bond, indicated as a percent of its face value.
Bond Price
Bond price is the present value of a bond's future interest payments and its redemption value at maturity, which fluctuates with interest rates and the bond's credit rating.
Tax Exempt Equivalent Yield
A calculation that determines the return needed on a taxable bond to make it equivalent to the yield on a tax-exempt bond, factoring in the investor's tax rate.
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