A Patent Is Good for 20 Years From

question 341

Multiple Choice

A patent is good for 20 years from:

• A) the date a patent reviewer establishes
• B) the date the invention reaches the market
• C) the date the inventor began work on the invention
• D) the date the inventor began the patent filing process
• E) none of the other choices are correct

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Definitions:

Macaulay Duration

A measure of the weighted average time until a fixed income asset's cash flows are received, used to assess interest rate risk.

Yield

The earnings generated and realized on an investment over a particular period, expressed as a percentage of the investment’s cost, its current market value, or its face value.

Modified Duration

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

Modified Duration

A measure that estimates the price sensitivity of a bond or bond portfolio to interest rate changes, adjusting for the changing yield to maturity.