The Following Questions for Readings: "Public Health Ethics: Mapping the Terrain

question 25

Multiple Choice

The Following Questions For Readings: "Public Health Ethics: Mapping the Terrain," James F. Childress, et al.
-According to Childress, et al., a key concept of morality in public health ethics is

• A) consensus.
• B) universalizability.
• C) individualism.
• D) scope.

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Definitions:

Yield To Maturity

The total return anticipated on a bond if the bond is held until its maturity date, expressed as an annual rate.

Duration

A measure of the sensitivity of a bond's or fixed income portfolio's price to changes in interest rates, often used to manage interest rate risk.

Modified Duration

A measure of the sensitivity of a bond's price to changes in interest rates, specifically reflecting how much the duration changes for a 1% change in yield.

Macaulay Duration

A measure of the weighted average time until a bond or fixed income portfolio's cash flows are received, used to gauge interest rate sensitivity.