A Bond Matures in 30 Years, Has a 20 Year

question 97

Multiple Choice

A bond matures in 30 years, has a 20 year duration and a yield to maturity of 9.32%. The market interest rate has increased by 0.47%. The modified duration is

• A) 9.4 years.
• B) 14.1 years.
• C) 18.29 years.
• D) 27.44 years.

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Definitions:

Hidden Curriculum

The unwritten, unofficial, and often unintended lessons, values, and perspectives that students learn in school beyond the formal curriculum.

Social Development

The process of improving the well-being of a society through enhancements in education, health, social justice, and employment opportunities.

Education System

The organized structure and processes designed for the instruction and learning of students, typically encompassing various levels from primary to tertiary education.

Significant Self

The concept within social psychology that refers to the parts of an individual's identity that are considered important and defining by the individual themselves.