As the Yield to Maturity on a Bond Increases, the Duration

question 30

True/False

As the yield to maturity on a bond increases, the duration also increases because of the effect of present value on duration.

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Definitions:

Cultural Competencies

The ability to understand, appreciate, and interact with people from cultures or belief systems different from one's own, especially relevant in healthcare.

Reflective Communication

An interactive communication process in which the receiver uses verbal “mirroring” to restate what the sender has said for optimal clarification by all parties.

Verbal "Mirror"

A communication technique where a speaker repeats or paraphrases what another person has said to confirm understanding or empathy.