Duration of a Pure Discount Bond

question 26

Multiple Choice

Duration of a pure discount bond:

• A) is equal to its half-life.
• B) is less than a zero coupon bond.
• C) is equal to the liabilities hedged.
• D) equal to its maturity.

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Definitions:

Promotional Salesperson

An individual who focuses on creating immediate product interest, offering special deals or incentives as part of a short-term sales strategy.

Personal-Selling

A direct sales approach where salespeople interact face-to-face with potential buyers to promote and sell products or services.

Specialist

An individual or business highly skilled and knowledgeable in a specific area or field, offering expertise-based services or products.

Farmer Salesperson

An individual who is both a farmer and takes an active role in marketing and selling the agricultural products directly to consumers or retailers.