Which of the following is true?

Select one:

a.

All banks are depository institutions and are authorised by APRA to carry out financial intermediation.

b.

All authorised depository institutions are banks.

c.

All financial intermediaries are authorised depository institutions by APRA to carry out financial intermediation.

d.

All of the listed options are correct

Which of the following statements is true?

Select one:

a.

Australian governments have encouraged national savings through superannuation.

b.

The government has provided taxation incentives aimed at increasing voluntary contributions to superannuation by both employers and employees.

c.

The government has introduced legislative requirements forcing employers to contribute to superannuation on behalf of their employees.

d.

All of the listed options are correct.

Assume that the price of security is $1000 and the duration of the security is 6.763 years. The current yield to the maturity is 10% and Coupons are paid semi-annually, what should be the dollar duration?

Select one:

a.

6763

b.

6441

c.

11000

d.

9000