Question 997 duration
Which of the following assets would have the shortest duration?
(a) Consumer staple stocks with high payout ratios such as shares in supermarkets.
(b) Fast-growing technology stocks with low payout ratios such as shares in software companies.
(c) Fixed coupon 3 year government bonds that were just issued and pay semi-annual coupons.
(d) Floating coupon 3 year corporate bonds that were just issued and pay semi-annual coupons.
(e) 90 day certificate of deposit.