Macaulay Duration Is a Bond's Weighted Average Life Based on Present

question 35

True/False

Macaulay duration is a bond's weighted average life based on present value of cash flows.

---

Definitions:

Tax Evasion

The illegal act of not paying taxes that are legally owed, often by concealing income or inflating deductions.

Intentional Wrongful Disclosure

The deliberate release or sharing of confidential or protected information without permission, usually leading to harm or breach of trust.

Additional Sums

Extra amounts of money required or due on top of the originally agreed upon or standard payment.

Duress

A situation in which a person performs an act as a result of violence, threat, or other pressure against the person.