Accounting standard setting began in the United States with the 1934 Securities Exchange Act

Which approach is best to use to obtain perception data, the direct approach or the derived approach?

What will be an ideal response?

If next year's bond prices for 2-year zero coupon bonds may be either 0.9454 or 0.9233, what is the yield volatility?

A) 18% B) 16% C) 14% D) 12%