What Is the Duration of an 8 Percent Annual Payment

question 19

Multiple Choice

What is the duration of an 8 percent annual payment two-year note that currently sells at par?

• A)2 years.
• B)1.75 years.
• C)1.93 years.
• D)1.5 years.
• E)1.97 years.

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Definitions:

Dotted Quad

A representation of IPv4 addresses consisting of four numbers separated by dots, with each number ranging from 0 to 255, indicating distinct parts of the IP address.

IP Address

An Internet Protocol address, a unique string of numbers and dots that identifies each device using the Internet Protocol to communicate over a network.

Top-Level Domain

The suffix, often of three letters (such as .com or .edu), in the domain name that indicates the kind of organization the host is.

URL

Uniform Resource Locator, a reference or address used to access resources on the internet.