Consider a Consol Bond with a Required Yield to Maturity

question 50

Multiple Choice

Consider a consol bond with a required yield to maturity of 9%.What is the consol bond's duration (round to two decimals) ?

• A)Infinite as the bond has no maturity
• B)0 years
• C)9.33 years
• D)12.11 years

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Definitions:

Perceptual Defense

The psychological mechanism that protects an individual from accepting information that is uncomfortable or threatens self-concept.

Contrast Error

The distortion in performance appraisal arising when an employee's evaluation is influenced by comparison with a previously evaluated employee rather than objective standards.

Interviewer

The interviewer is a person who asks questions in a structured or unstructured format to gather information, opinions, or data from interviewees.

Applicant

An individual who applies for a job, program, or opportunity.