The "Modified Duration" Used by Practitioners Is Equal to ______

question 20

Multiple Choice

The "modified duration" used by practitioners is equal to ______ divided by (one plus the bond's yield to maturity) .

• A) current yield
• B) the Macaulay duration
• C) yield to call
• D) yield to maturity
• E) None of the options are correct.

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Definitions:

Standard of Ur

An ancient Sumerian artifact dating around 2600 BCE, known for its detailed, inlaid panels made from shell and lapis lazuli, depicting scenes of war and peace.

Gilgamesh

A central figure in ancient Mesopotamian mythology, hero of the Epic of Gilgamesh, one of the earliest surviving works of literature.

Inlaid Scenes

Decorative technique involving the insertion of various materials into a base surface to create detailed pictorial designs or scenes.

Achaemenid Empire

An ancient empire based in Persia (modern-day Iran) from approximately 550 to 330 BC, known for its significant expansion under rulers such as Cyrus the Great and Darius.