The Numbers Provided Are in Millions of Dollars and Reflect

question 51

Multiple Choice

The numbers provided are in millions of dollars and reflect market values: The short-term debt consists of 4-year bonds paying an annual coupon of 4 percent and selling at par. What is the duration of the short-term debt?

• A)3.28 years.
• B)3.53 years.
• C)3.78 years.
• D)4.03 years.
• E)4.28 years.

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Definitions:

Nitric Oxide

A gaseous molecule involved in various bodily functions, including blood vessel dilation and neurotransmission, playing a key role in sexual arousal.

Mons Veneris

The pubic mound; literally, “mountain of Venus.” Also known as mons pubis.

Labia Minora

Two small folds of skin within the labia majora that meet above the clitoris to form the clitoral hood. Also known as inner lips.

Clitoris

An external sexual structure that is the center of arousal in the female; located above the vagina at the meeting of the labia minora.