All Else Equal, as Compared to an Annual Payment Fixed

question 102

Multiple Choice

All else equal, as compared to an annual payment fixed income security, a semi-annual payment security has a

• A)lower duration value and lower market value.
• B)higher duration but lower price sensitivity.
• C)lower duration and more cash flows.
• D)higher duration and more cash flows.
• E)none of the options.

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Definitions:

Maze

An intricate network of paths or passages designed as a puzzle through which one has to find a way.

Hearing Distance

The maximum range at which a person can hear and understand sounds, which varies depending on the sound intensity and environmental conditions.

Otitis Media

An infection or inflammation of the middle ear, common in children.

Myringoplasty

is a surgical procedure to repair a perforation in the tympanic membrane (eardrum).