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NEW QUESTION: 1
An asset manager just bought a coupon paying bond with principal value $100,000 for $87,000 with a current
yield of 4.7%. He assumes that if the yields change to 5.7% the price of the bond would be $84,500. Based on
this assumption what is the modified duration of the bond?
A. 97.12.
B. 2.97.
C. 2.88.
D. 2,507.
Answer: C

NEW QUESTION: 2




A. Option B
B. Option D
C. Option C
D. Option A
Answer: C

NEW QUESTION: 3
Accounting standards are used to produce the financial statements of all business entities.
Which ONE of the following best describes why accounting standards are needed?
A. To provide information required by law
B. To provide information for tax purposes
C. To provide information for shareholders
D. To provide information that fairly represents the performance and position of the entity
Answer: D

NEW QUESTION: 4
How can a policy help improve an employee's security awareness?
A. By using informal networks of communication, establishing secret passing procedures, and immediately terminating employees
B. By sharing security secrets with employees, enabling employees to share secrets, and establishing a consultative help line
C. By implementing written security procedures, enabling employee security training, and promoting the benefits of security
D. By decreasing an employee's vacation time, addressing ad-hoc employment clauses, and ensuring that managers know employee strengths
Answer: C

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