____ is a measure of the average maturity of the stream of payments associated with a bond.
A) Cash flow matching
B) Pure yield pickup
C) Contingent immunization
D) Duration
Correct Answer:
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Q13: Two bonds have the same coupon rate,
Q14: Each Thursday the Federal Reserve BoarThe effect
Q15: A pricing theorem for the bond market
Q16: Immunization is accomplished by calculating the duration
Q17: _ is the tendency for bond prices
Q19: A $1,000 bond has a market price
Q20: Duration is a _ of the lengths
Q21: A dedicated portfolio lacks _ risk.
A) political
B)
Q22: The graph relating bonds' yield-to-maturity to price
Q23: An immunized bond portfolio has
A) a short
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