A ________ Is a Column or Group of Columns That

question 13

Multiple Choice

A ________ is a column or group of columns that identifies a unique row in a table.

• A) record
• B) relationship
• C) row
• D) key
• E) field

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Definitions:

Modified Duration

A measure of the sensitivity of a bond's or bond portfolio's price to changes in interest rates, adjusting for the changing yield to maturity.

Market Yield

The current yield of a bond or other fixed-income security, calculated by dividing the annual interest income by the current market price.

Par-Value

The face value of a bond or stock as stated by the issuer, which is typically the amount repaid at maturity for bonds.

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.