mid-year convention
C2CEFR level
88/100Rarity: very rare
TechnicalRegister
A discounting adjustment that assumes cash flows arrive evenly through the year rather than all at year-end.
Switch on the mid-year convention and the equity value jumps about four percent purely from the earlier timing.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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