This Is the Only Industrialized Country That Has Not Ratified

question 65

Multiple Choice

This is the only industrialized country that has not ratified the Kyoto Protocol,a UN convention on climate change.

• A)China
• B)France
• C)Russia
• D)the U.S.

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Definitions:

Annual Coupon Bonds

Bonds that pay interest to bondholders once a year until maturity, at which point the principal is repaid.

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date, expressed as an annual rate.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often used as an indicator of interest rate risk.

Yield To Maturity

The total return anticipated on a bond if it is held until it matures, including all payments of interest and principal.