An Annual Payment Bond with a $1,000 Par Has a 5

question 51

Multiple Choice

An annual payment bond with a $1,000 par has a 5% quoted coupon rate, a 6% promised ytm, and 6 years to maturity. What is the bond's duration?

• A) 5.31 years
• B) 5.25 years
• C) 4.76 years
• D) 4.16 years
• E) 3.19 years  [(t*CF_t/(1.06)^t)]/$950.83

---

Definitions:

Eyes

Organs of vision that detect light and convert it into electro-chemical impulses in neurons for visual perception.

Lips

The fleshy, movable boundaries of the mouth, important for speaking, eating, and expressing emotions.

Concealed Information Test

a psychological assessment technique used to determine if someone is hiding key information, based on physiological responses to specific questions or stimuli.

Mental Health

The state of one's emotional, psychological, and social well-being, affecting how we think, feel, act, make choices, and relate to others.