A Man Roller-Blades at a Rate 5 Miles Per Hour

question 6

Multiple Choice

A man roller-blades at a rate 5 miles per hour faster than he jogs. In the same time it takes him to roller-blade 6 miles he can jog 3 miles. How fast does he jog?

• A)4 mph
• B)3 mph
• C)5 mph
• D)1 mph
• E)2 mph

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Definitions:

Yield To Maturity

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

Duration

A measure of the sensitivity of the price of a bond or other fixed-income investment to changes in interest rates, typically expressed in years.

Basis Points

Basis Points are a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument, with one basis point being 1/100th of 1%.

Yield To Maturity

The total return anticipated on a bond if it is held until it matures, including all interest payments and repayment of principal.