10-72 What Is the Modified Duration of These Bonds

question 27

Multiple Choice

10-72 What is the modified duration of these bonds?

• A)5.45 years.
• B)6.00 years.
• C)6.60 years.
• D)10.0 years.
• E)10.9 years.

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Definitions:

Democratic Socialist

Countries are characterized by government ownership of some basic industries and substantial government intervention in the operation of the market.

Organizations

Structured groups of individuals working together to achieve common goals, utilizing systems of governance and processes to facilitate coordinated action.

Democratic Socialism

A political ideology advocating for democratic means to achieve and maintain a socialist economic system.

Government Intervention

Actions taken by a government to influence or directly participate in economic, social, or other sectors, with the aim of achieving specific outcomes or goals.