A bond that has positive convexity:
a. is more price sensitive when rates fall then when rates rise.
b. is more price sensitive when rates rise then when rates fall.
c. has a negative duration.
d. has a duration greater than maturity.
e. a. and d.
a
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The price of a bond with an 6% coupon rate paid semi-annually, a par value of $1,000, and fifteen years to maturity is the present value of
A) 15 payments of $30 at 6 month intervals plus $1,000 received at the end of the fifteenth year. B) 15 payments of $60 at 6 month intervals plus $1,000 received at the end of the fifteenth year. C) 30 payments of $30 at 6 month intervals plus $1,000 received at the end of the fifteenth year. D) 30 payments of $60 at 1 year intervals plus $1,000 received at the end of the 30th year.
An example of high task significance is nursing the sick in the hospital intensive care unit
Indicate whether the statement is true or false.