Where Y = Yield to Maturity,the Duration of a Perpetuity

question 26

Multiple Choice

Where Y = yield to maturity,the duration of a perpetuity would be _________.

• A) Y
• B) Y/(1 + Y)
• C) 1/Y
• D) (1 + Y)/Y

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Definitions:

Active Voice

A sentence construction where the subject performs the action expressed by the verb, making the writing clear and direct.

Passive Voice

A grammatical construction where the subject of the sentence is the recipient of the action rather than the doer.

Topic Sentence

A sentence that expresses the main idea of the paragraph in which it occurs.

Deductive Paragraph

A paragraph that begins with a general statement or hypothesis and then presents specific evidence to support it.