Duration Is

question 23

Multiple Choice

Duration is

• A)an asset's term to maturity.
• B)the time until the next interest payment for a coupon bond.
• C)the average lifetime of a debt security's stream of payments.
• D)the time between interest payments for a coupon bond.

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Definitions:

HDC

Holder in Due Course, a term in commercial law referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.

Personal Defense

A liability defense that is not applicable to holders in due course.

Misappropriation

The unauthorized use of another's name, likeness, or property without permission, typically for one's own benefit.

Endorse

means to give public support, approval, or recommendation to something or someone, often seen in the context of celebrities endorsing products or political figures.