Solve the Problem. -A Line from the Top of a Cliff to the Cliff

question 122

Multiple Choice

Solve the problem.
-A line from the top of a cliff to the ground passes just over the top of a pole 8.0 ft high and meets The ground at a point 5.0 ft from the base of the pole. If the point is 99 ft from the base of the cliff, How high is the cliff? Round to the nearest unit.

• A) 3960 ft
• B) 8 ft
• C) 792 ft
• D) 158 ft

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Definitions:

Modified Duration

A measure of the sensitivity of a bond's price to changes in interest rates, indicating the price change in percentage terms for a yield move of one percent.

Macaulay Duration

A measure of the weighted average time until a bond's cash flows are paid back, used to assess interest rate risk.

Yield To Maturity

The total return anticipated on a bond if held until it matures.

Interest-Rate Risk

The risk that an investment's value will change due to a change in the absolute level of interest rates, affecting debt securities inversely with respect to their prices and yields.