Assume a Bond with a $1,000 Par Value and an 11

question 16

Multiple Choice

Assume a bond with a $1,000 par value and an 11 percent coupon rate, two years remaining to maturity, and a 10 percent yield to maturity. The duration of this bond is

• A) 1.90 years.
• B) 1.50 years.
• C) 1.92 years.
• D) none of the above

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Definitions:

Social Change

The alteration in the social order of a society, which may include changes in its nature, social institutions, social behaviors, or social relations.

Social Problems

Issues within a society that are viewed by a significant number of people or key social institutions as being undesirable or harmful.

Societal Patterns

The recurrent and pervasive ways in which society is organized and functions, including norms, behaviors, and institutions.

Eighteenth Century

The period from 1701 to 1800, characterized by significant developments in the arts, science, and politics, often referred to as part of the Enlightenment era.