Random Access Means That Any Data Item on the Storage

question 15

True/False

Random access means that any data item on the storage media can be directly accessed without reading in sequence.

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Definitions:

Par-Value

The nominal or face value of a bond or stock, as stated by the issuer.

Duration

A measure of the sensitivity of a bond’s price to changes in interest rates, expressed as the weighted average time to receive the bond's cash flows.

Macaulay Duration

A measure of the weighted average time until a fixed income asset's cash flows are received, used to assess interest rate risk.

Yield

The earnings generated and realized on an investment over a particular period, expressed as a percentage of the investment’s cost, its current market value, or its face value.