Because of Longer Life Expectancies,the Full Retirement Age Is Greater

question 81

True/False

Because of longer life expectancies,the full retirement age is greater than age 65 for younger individuals.

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Definitions:

Investment Horizon

Investment horizon refers to the total length of time an investor expects to hold an investment or portfolio before liquidating it.

Promised Yield

The return a bond issuer commits to pay to bondholders, usually expressed as an annual percentage.

Modified Duration

A measure of the sensitivity of a bond's price to changes in interest rates, indicating the percentage change in price for a one percent change in yield.

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date.