Duration is: Multiple Choice O O O O O the elasticity of a security's value to small coupon changes. the weighted average time to maturity of the bond's cash flows. the time until the investor recovers the price of the bond in today's dollars. greater than maturity for deep discount bonds and less than maturity for prenum bonds. the second derivative of the bond price formula with respect to the yield to maturity.
Duration is: Multiple Choice O O O O O the elasticity of a security's value to small coupon changes. the weighted average time to maturity of the bond's cash flows. the time until the investor recovers the price of the bond in today's dollars. greater than maturity for deep discount bonds and less than maturity for prenum bonds. the second derivative of the bond price formula with respect to the yield to maturity.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Duration is:
E
Multiple Choice
the elasticity of a security's value to small coupon changes.
the weighted average time to maturity of the bond's cash flows.
the time until the investor recovers the price of the bond in today's dollars.
greater than maturity for deep discount bonds and less than maturity for prenum bonds.
the second derivative of the bond price formula with respect to the yield to maturity.
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