Of All the Survey Techniques, the Following Is Likely to Become

question 6

Multiple Choice

Of all the survey techniques, the following is likely to become the most popular:

• A) personal interview
• B) mail delivered questionnaire
• C) phone interview
• D) group administered questionnaire

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Definitions:

Duration

A measure of the sensitivity of a bond's or fixed income portfolio's price to changes in interest rates, often used to manage interest rate risk.

Modified Duration

A measure of the sensitivity of a bond's price to changes in interest rates, specifically reflecting how much the duration changes for a 1% change in yield.

Macaulay Duration

A measure of the weighted average time until a bond or fixed income portfolio's cash flows are received, used to gauge interest rate sensitivity.

Yield

The income returned on an investment, such as the interest or dividends received, typically expressed as a percentage of the investment’s cost or current market value.