To create these strategies, portfolio managers use Macaulay duration. For example, say a bond has a two-year term with four coupons of $50 and a par value of $1,000. If the investor did not reinvest his or her proceeds at some interest rate, he or she would have received a total of $1200 at the end of two years.
On February 27th, 2014, Redditor xvvhiteboy submitted a post titled âLe New Meme: Nice MayMay Manâ to the /r/circlejerk subreddit, featuring an illustration of manâs face in front of a yellow and blue color wheel background with the caption âIs maymay / and manâ (shown below).
Memes are cultural symbols and social ideas that spread virally, primarily with the intent to either make people laugh or to make fun of others. The meme content itself is usually something of minor everyday consequence: jokes about dad, urban legends, TV and movie references, human and animal oddities. In rare cases, memes can be profound art and music curiosities, and even philosophical ideas. The noteworthy aspect of a meme is its infectious nature: It invites people to spread it through social media, email, and photo-sharing. Here are the most popular modern internet memes today.