-The Short-Term Debt Consists of 4-Year Bonds Paying an Annual

question 21

Multiple Choice

-The short-term debt consists of 4-year bonds paying an annual coupon of 4 percent and selling at par. What is the duration of the short-term debt?

• A)3.28 years.
• B)3.53 years.
• C)3.78 years.
• D)4.03 years.
• E)4.28 years.

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Definitions:

Sign Language

Sign Language is a visual means of communication using hand gestures, facial expressions, and body language, primarily used by deaf and hearing-impaired individuals.

Spoken Language

A form of human communication that is based on the use of vocal sounds and words.

Surface Structure

In linguistics, the outward form of a sentence, which can vary without changing the core meaning.

Deep Structure

A concept in linguistics, referring to the underlying syntactic structure or meaning of a sentence, as opposed to its surface structure.