A Bond Matures in 30 Years, Has a 20 Year

question 26

Multiple Choice

A bond matures in 30 years, has a 20 year duration and a yield to maturity of 9.32%.The change in the level of the market interest rate is 0.47%.The modified duration is

• A) 9.4 years.
• B) 14.1 years.
• C) 18.29 years.
• D) 27.44 years.

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Definitions:

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action within an organization or individual life.

Nonverbal Expressions

Communication without words, which includes gestures, facial expressions, body language, and other visual cues.

Observable Culture

The visible and tangible aspects of organizational culture, such as behaviors, rituals, symbols, and physical settings.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice towards other groups.