A Zero Coupon Bond Has a Par Value of $1,000

question 79

Multiple Choice

A zero coupon bond has a par value of $1,000 and matures in 6.5 years. The yield to maturity is 5.5%. What is the Macaulay duration?

• A)5.67 years
• B)5.81 years
• C)5.92 years
• D)6.26 years
• E)6.50 years

Understand the different types of powers of attorney and their roles in medical and financial decision-making.

Recognize the fundamental elements required for the creation and failure of trusts.

Comprehend the importance of advance health directives and living wills in medical decisions.

Identify the legal implications of trustees' actions and state statutes on trust investment.

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Definitions:

Prejudice

A preconceived opinion or bias against an individual or group without just grounds or sufficient knowledge.

Negative Opinions

Unfavorable or critical views and judgments formed about something or someone, often without full knowledge or experience.

Knowledge Workers

Employees whose primary job involves handling or using information and knowledge, rather than manual labor.

Information Technology

The use of computers, networks, and other physical devices, infrastructure and processes to collect, process, store, secure, and exchange all forms of electronic data.