Identify the Bond That Has the Longest Duration (No Calculations

question 39

Multiple Choice

Identify the bond that has the longest duration (no calculations necessary) .

• A)20-year maturity with an 8% coupon
• B)20-year maturity with a 12% coupon
• C)20-year maturity with a 0% coupon
• D)10-year maturity with a 15% coupon

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Definitions:

Agent

An entity or person that acts or has the power to act, often used in contexts ranging from literature to business.

Technical Communication

The process of conveying complex information in a clear and understandable manner to a specific audience.

Formality

The strict adherence to established rules, conventions, or conditions, often relating to official, ceremonial, or academic practices.

Comma Splice

A grammatical error that occurs when two independent clauses are connected with only a comma without an appropriate conjunction.