Answer:
A) the formula to calculate modified duration of bonds:
modified duration = [1 - (1 + y)⁻ⁿ] / y
modified duration = [1 - (1 + 6%)⁻³] / 6% = 2.673 years
if you want to determine the Macaulay duration = modified duration x (1 + yield) = 2.673 years x 1.06 = 2.833 years
B)
modified duration = [1 - (1 + 10%)⁻³] / 10% = 2.487 years
if you want to determine the Macaulay duration = modified duration x (1 + yield) = 2.487 years x 1.1 = 2.736 years
Answer:
D. joint tests of market efficiency and the risk-adjustment measure
Explanation:
Semi-strong form efficiency -
In this aspect of the Efficient Market Hypothesis , it assumes that the current price of stock adjust very fast in order to release the new public information .
The one of the major test of the semi - strong efficiency are the ,the risk - adjustment measure and the joint test of the market efficiency .
The par value of common stock represents the arbitrary dollar amount assigned to a share of stock. This value <span>is the stated </span>value<span> per share as outlined in the issuing company's charter. This calue is also called the face </span>value<span> because it's the </span>value<span> printed on the face of a bond or </span>stock<span> certificate</span><span>.</span>
The Texas general land office is accused of mishandling funds earmarked for hurricane relief and recovery. The governor is responsible for investigating .
The governor is responsible for investigating because only the governor can call a special session . The governor also gets to set the agenda for the session as well.
The General land office has the responsibility to administer funds in the event of natural disasters like Hurricanes. They are also responsible to provide aid for long term as an disastrous event can displace people for months.
The Texas general land office through the community development and revitalization division works to rebuild communities by putting texas back in homes , restoring infrastructure and preventing future damage through planning.
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