USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 8

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
A $1000 par value bond with four years to maturity and a 5 percent coupon has a yield to maturity of 6 percent. Interest is paid annually.
-Refer to Exhibit 13.3. Calculate the modified duration for the bond.

• A) 3.51 years
• B) 3.61 years
• C) 3.72 years
• D) 4.38 years
• E) 7.44 years

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Definitions:

Team Leaders

Individuals who are responsible for guiding, coordinating, and overseeing the activities of a team to ensure that it meets its specified goals and objectives.

Diverse Populations

A term referring to the inclusion and representation of individuals from a wide range of demographic and cultural backgrounds.

Prejudice

The display of negative, irrational attitudes towards members of diverse populations.

Not-for-Profit Organisations

Organizations that operate to serve a public or social benefit, rather than to make profit for owners or shareholders.