When developing an estimate of expected credit losses, which of the following judgments should be considered?
a.
Geographic location
b.
Credit losses in global markets
c.
Average interest rate and term
d.
Yields on high-risk securities
What is the duration of a six-year bond with 12.50% annual coupons trading at par?
Option 1 : 4.53
Option 2 : 4.56
Option 3 : 4.59
Option 4 : 4.62
Option 5 : 4.65
Which statement about virtual currency is false?
Select one:
• a. It operates like real currency
• b. It has a equivalent value in real currency
• c. It can not be a substitute for real currency
d. Bitcoin is an example of virtual currency