A Bond Has a Macaulay Duration of 4

question 30

Multiple Choice

A bond has a Macaulay duration of 4.5,a yield to maturity of 5.1 percent,a coupon rate of 6.0 percent,and semiannual interest payments.What is the bond's modified duration?

• A) 3.59 years
• B) 4.39 years
• C) 4.92 years
• D) 5.06 years
• E) 5.26 years

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Definitions:

Vasopressin

A hormone secreted by the pituitary gland that regulates water balance in the body and plays a role in social behavior and bonding.

Apgar Scale

A quick test performed on a newborn at 1 and 5 minutes after birth, assessing the baby's heart rate, respiration, muscle tone, response to stimulation, and color to evaluate its physical condition.

Neonatal Health

Refers to the health and well-being of newborns, typically in the first month after birth.

Neonatal Intensive Care Unit Network Neurobehavioral Scale (NNNS)

A comprehensive assessment tool used for evaluating the neurological development, behavior, and stress responses in newborns, particularly those requiring intensive care.