The Duration of a 15 Year Zero Coupon Bond Priced

question 54

Multiple Choice

The duration of a 15 year zero coupon bond priced at $182.70 is:

• A)2.74 years.
• B)15 years.
• C)17.74 years.
• D)cannot determine without the interest rate.
• E)None of the above.

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Definitions:

Evolved Mechanisms

Hereditarily acquired traits and behaviors that have been shaped by natural selection because they contribute to an organism's reproductive success.

Evolutionary Psychology

A theoretical approach in psychology that explains human thoughts and behaviors in terms of natural selection and adaptation.

Cognitive Neuroscience

The study of brain mechanisms underlying cognitive processes, including perception, memory, thinking, and emotion, through various brain imaging techniques.

Ekman

Refers to Paul Ekman, a psychologist who is a pioneer in the study of emotions and their relation to facial expressions.