A 10%, 30-year corporate bond was recently being priced to yield 12%. The Macaulay duration for the bond is 11.3 years. Given this information, the bond's modified duration would be

A. 8.05.
B. 10.09.
C. 9.27.
D. 11.22.


B. 10.09.

D* = D/(1 + y); D* = 11.3/(1.12) = 10.09.

Business

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Quinn Company has a defined benefit plan. The fair value of plan assets on January 1 . 2014, was $1,500,000 . No unrecognized net loss or gain existed. On December 31 . 2014, the fair value of the plan assets was $1,860,000 . Benefits paid to retirees equaled $300,000 . Company contributions to the plan totaled $360,000 . The settlement rate was 8 percent, and the expected long-term rate of

return on plan assets was 1 . percent. The actual return on plan assets was a. $150,000. b. $180,000. c. $224,000. d. $300,000.

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Which needs theory explores the impact of motivational influences on job satisfaction?

a. Maslow’s hierarchy of needs b. Alderfer’s ERG Theory c. Herzberg’s two-factor theory d. McClelland’s acquired needs theory

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A set of standards that companies develop to help provide their employees with guidance about what is appropriate to wear to work is called

A. a dress code. B. a business culture. C. business etiquette rules. D. none of the above.

Business

What is one difference between stage 2 in the Financial Life Cycle and stage 3 in the Financial Life Cycle?

What will be an ideal response?

Business