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Pay assuming with the intention of coupon payments are invested at the going supermarket interest speed at the time of their arrival income and held thus pending the compact matures.
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A measure of yield that reflects the actual yield-to-maturity earned on an investment security. In other words, it represents the compound rate of growth in total value during the holding period expressed as an annualized rate of interest. For a bond , it is the discount rate that equates the future value of its investment to its current market price.
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