9-64 Calculate the Duration of a Two-Year Corporate Bond Paying

question 43

Multiple Choice

9-64 Calculate the duration of a two-year corporate bond paying 6 percent interest annually,selling at par.Principal of $20,000,000 is due at the end of two years.

• A)2 years.
• B)1.91 years.
• C)1.94 years.
• D)1.49 years.
• E)1.75 years.

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Definitions:

Zoophilia

A form of paraphilia involving sexual fixation on non-human animals.

Human Participants

Individuals who take part in research studies, contributing data or insights for the purpose of advancing knowledge.

Pedophilic Disorder

A psychiatric disorder characterized by an adult's sexual attraction to prepubescent children.

Personality Disorders

A group of mental health conditions characterized by enduring patterns of thought, feeling, and behavior that are significantly different from cultural expectations and cause distress or impairment.