Which Duration Is Computed by Discounting Flows Using the Yield

question 81

Multiple Choice

Which duration is computed by discounting flows using the yield to maturity of the bond?

• A) Effective
• B) Macaulay Duration
• C) Modified Duration
• D) Present Value Duration
• E) Cash Flow Duration

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Definitions:

Urogenital Sinus

The Urogenital Sinus is an embryonic structure from which the urinary and genital tracts develop.

Vestibule

Anterior part of the nasal cavity just inside the external nares that is enclosed by cartilage; space between the lips and the alveolar processes and teeth; middle region of the inner ear containing the utricle and saccule; space behind the labia minora containing the openings of the vagina, urethra, and vestibular glands.

Pudendal Cleft

The anatomical term for the cleft between the labia majora, part of the external female genitalia.

Macroeconomic Environments

The broad economic conditions and contexts that affect the economy as a whole, including inflation rates, growth rates, employment levels, and government policies.