The duration of a 15-year zero-coupon bond is
A. smaller than 15.
B. larger than 15.
C. equal to 15.
D. equal to that of a 15-year 10% coupon bond.
E. None of the options are correct.
C. equal to 15.
Duration of a zero-coupon bond equals the bond's maturity.
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Which of the following is/are true regarding the T-account?
a. Actual practice does not use this form of the account, except perhaps for memoranda or preliminary analyses b. looks like the letter T, with a horizontal line bisected by a vertical line. c. satisfies the requirement of an account and is easy to use. d. all of the above e. none of the above
________ is a social arrangement that encourages all participants to behave such that they do not contribute to the tragedy of the commons
A) A zero sum game B) Escalation of commitment C) Mutual coercion D) Barzini Red
A municipal bond has a quoted yield of 5%. If an investor has a 20% marginal tax rate, the bond's pre-tax equivalent yield is
A) 4.00%. B) 5.50%. C) 6.25%. D) 7.25%.
Prior to passage of the Clean Air Act, the Clean Water Act, and other regulatory statutes in the 1970s, the common law:
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