The Following Information Is About Current Spot Rates for Second

question 109

Multiple Choice

The following information is about current spot rates for Second Duration Savings' assets (loans) and liabilities (CDs) . All interest rates are fixed and paid annually.
-What is the duration of this Treasury note?

• A)1.500 years.
• B)1.371 years.
• C)1.443 years.
• D)2.882 years.

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Definitions:

Microvilli

Small, fingerlike extensions of the plasma membrane of cells, increasing surface area for absorption.

Plicae Circularis

Internal folds of the intestinal lining that increase surface area for absorption of nutrients.

Absorption

The process by which substances are taken up from the environment and enter the bloodstream or cells.

Hepatic Portal Vein

Portal vein formed by the superior mesenteric and splenic veins and entering the liver.