Solve the Equation for X $$\left| \begin{array} { l l l } x & 0 & 0 \\5 & x & 1 \\3 & 2 & 1\end{array} \right| = - 1$$

question 200

Multiple Choice

Solve the equation for x.
- $$\left| \begin{array} { l l l } x & 0 & 0 \\5 & x & 1 \\3 & 2 & 1\end{array} \right| = - 1$$

• A) \(\{ 1 \}\)
• B) \(\{ 3 \}\)
• C) \(\{ - 1 \}\)
• D) \(\varnothing\)

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Definitions:

Modified Duration

Modified Duration measures the sensitivity of the price of a bond or other debt instrument to a change in interest rates, indicating the percentage change in price for a parallel shift in rates.

Modified Duration

A measure of the sensitivity of a bond's or bond portfolio's price to changes in interest rates, adjusting for the changing yield to maturity.

Market Yield

The current yield of a bond or other fixed-income security, calculated by dividing the annual interest income by the current market price.

Par-Value

The face value of a bond or stock as stated by the issuer, which is typically the amount repaid at maturity for bonds.