Examlex

Solved

A Bond Has a Modified Duration of 6

question 21

Multiple Choice

A bond has a modified duration of 6.87 years, a par value of $1,000, and a current market value of $1,016. What is the dollar value of an 01?


Definitions:

Unemployment Compensation

Financial payments made to individuals who have lost their jobs, intended to support them financially while they seek new employment.

Human Resources

The department within a business that is responsible for all things worker-related, including recruitment, training, and compliance.

Business Trip

is a journey undertaken for work-related purposes, often involving travel outside the regular workplace.

Workers' Compensation

An insurance type that offers employees medical benefits and replaces wages when they get injured while working.

Related Questions