Based on the concept of bond duration, which one of the following statements is correct?
A) Lower coupons result in shorter durations.
B) Longer maturities mean shorter durations.
C) Higher yields (YTMs) lead to longer durations.
D) Longer durations mean greater volatility.
Answer: D
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The hutchinsons own a house that is currently appraised at $545,000. They owe $397,000 on a deed of trust and expect $65,000 in selling expenses. What is their net equity in the property?
A. $83,000 B. $148,000 C. $213,000 D. $480,000
The fulfillment management process includes all the activities in ________
A) gathering and acting upon information about the market B) researching, developing, and launching new high-quality offerings quickly and within budget standards C) defining target markets and prospecting for new customers D) building deeper understanding, relationships, and offerings to individual customers E) receiving and approving orders, shipping the goods on time, and collecting payment