Calculate the Spearman's Rank Correlation Coefficient for the Following Data

question 9

Multiple Choice

Calculate the Spearman's rank correlation coefficient for the following data: ​ ​

• A) -0.560
• B) 0.520
• C) 0.531
• D) 0.588

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Definitions:

Par Value

The nominal or face value assigned to a security by the issuer, which may differ from its market value.

Semiannual Coupon

A bond or other fixed-income security that pays interest to the holder every six months.

Interest Rate

The price, in terms of a percentage of the principal, that a borrower needs to pay a lender to utilize their financial resources.

Bond's Price

The market price for which a bond is bought or sold, influenced by factors like interest rates, the bond's credit quality, and its maturity date.