Consider a Consol Bond with a Required Yield to Maturity

question 63

Multiple Choice

Consider a consol bond with a required yield to maturity of 9 per cent. What is the consol bond's duration (round to two decimals) ?

• A) Infinite as the bond has no maturity
• B) 0 years
• C) 9.33 years
• D) 12.11 years

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Definitions:

Effective Leadership Behavior

Actions and strategies that leaders employ to motivate, inspire, and guide their followers towards the achievement of shared objectives.

Broadly Defined Behavior

Actions or conduct that are considered or classified in a wide-ranging or nonspecific manner.

Narrowly Defined

Restricted to a specific or limited interpretation or scope.

Leadership Theory

A framework or set of concepts that explain how leaders encourage, inspire, and organize others to achieve objectives.