Which of the Following Is Closest to the Duration of a 2-Year

question 1

Multiple Choice

Which of the following is closest to the duration of a 2-year bond that pays a coupon of 8% per annum semiannually? The yield on the bond is 10% per annum with continuous compounding.

• A) 1.82
• B) 1.85
• C) 1.88
• D) 1.92

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Definitions:

International Family Planning

Efforts and policies aimed at allowing families worldwide to plan and achieve their desired number of children and spacing of pregnancies through access to information and contraception methods.

Executive Privilege

Executive privilege is the power claimed by the president of the United States and other members of the executive branch to resist certain subpoenas and other interventions by the legislative and judicial branches of government to access information and personnel relating to the executive branch.

Executive Order

A directive issued by the president of the United States that manages operations of the federal government and has the force of law.

Executive Orders

Directives issued by the U.S. President that manage operations of the federal government.