A Bond with Duration of 10 Years Has a Yield

question 25

Multiple Choice

A bond with duration of 10 years has a yield to maturity of 10 percent.This bond's volatility (modified duration) is

• A)9.09 percent.
• B)6.8 percent.
• C)14.6 percent.
• D)10.0 percent.

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Definitions:

Identity

The qualities, beliefs, personality, looks, and/or expressions that make a person (self-identity) or group (particular social category or social group).

Consistent Sense

A steady perception or feeling typically derived from one's experiences or attitudes.

Global Self-Esteem

An individual's overall subjective evaluation of their worth or value as a person.

Self-Worth

The sense of one’s own value or worth as a person; often considered a crucial aspect of one’s self-esteem or psychological health.