A Bond Has a Maturity of 12 Years and a Duration

question 20

Multiple Choice

A bond has a maturity of 12 years and a duration of 9.5 years at a promised yield rate of 8%. What is the bond's modified duration?

• A) 12 years
• B) 11.1 years
• C) 9.5 years
• D) 8.8 years

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Definitions:

Alcohol Withdrawal

A group of symptoms that may occur when an individual who has been drinking heavily for weeks, months, or years stops or reduces alcohol consumption.

Safe Environment

A condition or state of being free from physical, psychological, or emotional harm and risk factors that could cause injury or disease.

Alcohol-Abuse Counselor

A professional who provides support, strategies and therapy to individuals struggling with alcohol dependency or abuse.

Dual Diagnosis

The co-occurrence of substance abuse issues and mental health disorders in an individual, necessitating integrated treatment approaches.