Exhibit 18.2 Use the Information Below for the Following Problem(S)

question 94

Multiple Choice

Exhibit 18.2
Use the Information Below for the Following Problem(S)
Talmart Corporation bonds have a $1,000 face value and will mature in 4 years. The bonds have a 7% coupon rate. Interest is paid annually and the required rate of return is 6 percent for these bonds.
-Refer to Exhibit 18.2.What is the Modified duration of the Talmart corporate bonds?

• A) 3.43
• B) 3.64
• C) 3.76
• D) 3.85
• E) 4.11

---

Definitions:

Complex Animals

Organisms that exhibit a high degree of structural and functional complexity, often having specialized sensory, nervous, and circulatory systems.

Medial Temporal Lobe

An area of the brain crucial for the formation of long-term memories and associated with the limbic system.

Memory Deficits

Impairments in the ability to remember information, which can result from various causes such as injury, disease, or psychological stress.

Neurosurgery

A medical specialty focused on the surgical treatment of diseases, injuries, or conditions affecting the nervous system, including the brain and spinal cord.