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.

Differentiate between empirical and theoretical aspects of economics.

Comprehend the impact of external factors on economic indicators and outcomes.

Grasp the significance of testing economic theories with data (empirical economics).

Understand the role of equity concerns in economic policy arguments.