Your bond portfolio consists of $30 million worth of treasury strips with 7 years to maturity, and $10 million of treasury notes with a macaulay duration of 3 years. the term structure is flat, and all spot rates are 3%.
what is the modified (not macaulay) duration of your portfolio?

a) 3 years
b) 4 years
c) slightly less than 4 years
d) slightly greater than 4 years
e) none of these

How do primary and secondary industries differ

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals