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A Bond's Macaulay Duration Is 7

question 32

Multiple Choice

A bond's Macaulay duration is 7.95 years. If the current annual interest rate is 7%, what is the modified duration of this bond?


Definitions:

Seeking Direction

The process of seeking guidance or clarification on what actions or decisions to make next.

Venturesomeness

A willingness to undertake risky or innovative projects or ideas; characterized by boldness or innovation.

Self-Confidence

The belief in one's abilities, qualities, and judgment.

Individual Traits

Refers to the personal characteristics and qualities that differentiate one person from another.

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