Express 10³ in Scientific Notation

question 6

Multiple Choice

Express 10³ in scientific notation.

• A) 10³
• B) 1 x 10³
• C) 1000
• D) log 1000 = 3

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Definitions:

Duration

Duration is a measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, typically expressed in years.

Interest Rate Risk

The potential for investment values to change due to variations in the prevailing interest rates.

Coupon Rate

The annual interest rate paid by a bond's issuer to its bondholders, typically expressed as a percentage of the bond's face value.

Coupon Rate

A yearly interest payment as a percentage of the bond's nominal value.