The Taliban Was ______________

question 20

Multiple Choice

The Taliban was ______________.

• A) a rival organization to al-Qa‛ida, based in Afghanistan
• B) the de facto government of Afghanistan from 1996 to the early 2000s, where it gave shelter to al-Qa‛ida
• C) Bin Laden's native country
• D) home to many of the hijackers who carried out the 9/11 attacks in New York City

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Definitions:

Modified Duration

A formula used to determine the sensitivity of a bond's price to a 1% change in interest rates, indicating the percentage change in price for each percentage point change in yields.

Market Yield

The current annual income returned on an investment, measured as a percentage of the investment's market price.

Zero-Coupon

A type of bond that does not pay periodic interest payments and is instead sold at a discount to its face value, with the full face value received by the holder at maturity.