A Bond Has a Modified Duration of 7

question 91

Multiple Choice

A bond has a modified duration of 7.22 and a yield to maturity of 8.1 percent.If interest rates increase by 75 basis points,the bond's price will decrease by ________ percent.

• A) -0.46
• B) -0.54
• C) -4.60
• D) -5.42
• E) -6.18

Understand the impact of evolutionary theory on psychology.

Appreciate the long-standing nature vs. nurture debate and its implications for psychology.

Understand the methodology and goals of psychology as a science.

Recognize the importance of behaviorism and its key proponents.