The "Modified Duration" Used by Practitioners Is Equal to ______

question 52

Multiple Choice

The "modified duration" used by practitioners is equal to ______ divided by (one plus the bond's yield to maturity) .

• A)current yield
• B)the Macaulay duration
• C)yield to call
• D)yield to maturity

---

Definitions:

Solution-Focused Therapy

A short-term therapeutic approach that encourages clients to focus on their desired future outcomes rather than dwelling on past problems or failures.

Brief Therapy

A form of psychotherapy that is characterized by a limited number of sessions aimed at resolving a specific problem or issue.

Narrative Therapists

Professionals who practice narrative therapy, a form of psychotherapy that encourages people to use storytelling to make sense of their lives and challenges.

Anti-Realists

Philosophical stance that rejects the notion that the existence of certain entities or states of affairs is independent of human perception or understanding.