Which of the following is NOT true about duration?
A. It equals the years-to-maturity for a zero coupon bond
B. It equals the weighted average of payment times for a bond, where weights are proportional to the present value of payments
C. Equals the weighted average of individual bond durations for a portfolio, where weights are proportional to the present value of bond prices
D. The prices of two bonds with the same duration change by the same percentage amount when interest rate moves up by 100 basis points
D
D is only approximately true. A, B, and C are exactly true.
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Which of the following appears to be common to most embezzlers who are caught?
a. Long-term focus b. Investments made in low-risk instruments c. Saving what they steal d. Spending on lifestyle improvements
The United Nations (UN) does not allow permanent membership of the Security Council to any member nation
Indicate whether the statement is true or false
Regular communication and ________ are essential if job posting is to work properly.
A. manager empathy B. honest disclosure C. cash bonuses D. follow-up feedback
Colt saw a commercial by a car manufacturer on TV that claimed one of its new models, the Vogue, averaged 45 miles to a gallon on the highway. He went to the Kan Car Dealership and purchased a Vogue but never asked about the manufacturer's statement
regarding the mileage claim. A short time after his purchase, he discovered the car would only get 30 miles to the gallon on the highway. Colt returned to the dealer and claimed breach of an express warranty on the part of the manufacturer and the car dealership based on the TV commercial. Is Colt correct?