HE DIED yesterday have some respect
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The longer the time period remaining to maturity, the greater the impact of a difference between the rate the bond is paying and the current yield to maturity (required rate of return). For example, a two percent ($20) differential is not very significant for one year, but very significant for 20 years. In the latter case, it will have a much greater effect on the bond price.
The factor that had the greatest impact on union growth at the end of the 19th century was the popularity of social Darwinism.