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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Races And Cultures

Diverse groups of humans distinguished by shared heritage, traditions, customs, and social behaviors.

Human Similarities

The common traits, characteristics, or behaviors shared among all humans, emphasizing the universal aspects of human nature.

Psychological Processes

The mental functions and mechanisms by which individuals perceive, think, feel, and behave.

Cultural Differences

Variations in the practices, customs, and values of different societies and communities.