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1-Modified duration measures the sensitivity of bond prices to changes in __________. C. current yield B. the level of investor wealth D. time to maturity
1-Modified duration measures the sensitivity of bond prices to changes in __________.
C. current yield |
B. the level of investor wealth |
D. time to maturity |
A. market interest rates |
2-Macaulay duration is longest for __________.
A. high-coupon 30-year bonds |
D. none of the above |
C. zero-coupon 30-year bonds |
B. low-coupon 30-year bonds |
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