A Six-Year Maturity Bond Has a Five-Year Duration

question 71

Multiple Choice

A six-year maturity bond has a five-year duration. Over the next year maturity will decline by one year and duration will decline by

• A)less than one year.
• B)more than one year.
• C)one year.
• D)N years.
• E)N/(N − 1)years.

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Definitions:

Cross-Sequential Design

A research method that combines both longitudinal and cross-sectional study designs to analyze developmental patterns across different ages by observing different cohorts over time.

Behavior Genetics Design

A research method used to determine the role of genetic and environmental influences on individual behavior.

Secularization Thesis

The theory that as societies progress, religious authority diminishes in all aspects of social life and governance.

Religious Explanation

An interpretation or understanding based on religious beliefs or teachings, often used to make sense of the world or human experience.