A Bond Has a Modified Duration of 5

question 67

Multiple Choice

A bond has a modified duration of 5.87 years, a par value of $1,000, and a current market value of $1,008. What is the dollar value of an 01?

• A)$.0698
• B)$.0700
• C)$.5917
• D)$.6401
• E)$.7023

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Definitions:

Anorexia Nervosa

An eating disorder characterized by an obsessively reduced food intake and an intense fear of gaining weight.

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by purging, in an attempt to control weight.

Eating Disorder

A mental disorder characterized by abnormal eating habits that negatively affect a person's physical or mental health.

Food Safety

Practices and precautions taken to prevent foodborne illnesses and ensure that food is handled, prepared, and stored in ways that preserve its quality and safety.