Consider a Security with a Face Value of $100 000

question 65

Multiple Choice

Consider a security with a face value of $100 000, which is to be repaid at maturity.The security pays an annual coupon of 8% and has a maturity of three years.The current discount rate is 10%.What is the security's duration (round to two decimals) ?

• A)2.78 years
• B)3 years
• C)0.36 years
• D)1.94 years

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Definitions:

Unambiguous Genitals

Genitalia that clearly conform to typical male or female anatomical structures without ambiguity.

Medical Profession

A field of work focused on the maintenance and restoration of health through the study, diagnosis, and treatment of disease, illness, injury, and other physical and mental impairments.

Third-Sex People

Individuals who do not conform to traditional male or female gender roles and may identify beyond the binary classification.

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A psychological condition where a person experiences discomfort or distress because there's a mismatch between their biological sex and gender identity.