Examlex
Which of the following statements is false?
Duration
A financial metric that estimates the weighted average time it takes for an investor to be repaid the bond's cash flows, serving as a measure of interest rate sensitivity.
Promised Yield
The return that a bond issuer agrees to pay to the bondholder until maturity, expressed as an annual percentage.
Coupon Rate
The annual interest rate paid by a bond issuer to the bondholder, usually expressed as a percentage of the bond's face value.
Duration
A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates, often expressed in years.
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