Duration is
A) an asset's term to maturity.
B) the time until the next interest payment for a coupon bond.
C) the average lifetime of a debt security's stream of payments.
D) the time between interest payments for a coupon bond.
C
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All of the following are government purchases except
A) the salary paid to Senator John Cornyn of Texas. B) the presidential pension paid to former President George H.W. Bush. C) the purchase of a new office building for the CIA. D) the purchase of new radar tracking equipment for the Navy.
Joey's Lawncutting Service rents office space from Joey's dad for $300 per month. Joey's dad is thinking of increasing the rent to $400 per month. As a result Joey's marginal cost of cutting grass will
A) increase by $100 divided by the amount of grass cut. B) increase by $100. C) decrease by $100. D) not change.
Wages in American industry are very high because of wage laws
a. True b. False Indicate whether the statement is true or false
Other things being equal, the effect of a decrease in the price of DVDs on the market for DVD players is a(n):
A. leftward shift in the demand curve for DVD players. B. upward movement along the demand curve for DVD players. C. rightward shift in the demand curve for DVD players. D. downward movement along the demand curve for DVD players.