The Duration on an 8%, 25-Year Bond Is ______ the Duration

question 53

Multiple Choice

The duration on an 8%, 25-year bond is ______ the duration on a 9%, 30-year bond.

• A)greater than
• B)less than
• C)equal to
• D)there is not enough information to tell

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Definitions:

Distribution Center

A facility where goods are received, stored, and then distributed to consumers or retail outlets.

New Store

A newly established retail outlet or branch of a business that has recently started operations.

Financial Management

The practice of managing a firm's financial operations to achieve financial goals and profitability.

CFO

Chief Financial Officer, the senior executive responsible for managing the financial actions of a company.