1. Which one of the following bonds has the shortest duration?
(a) Zero coupon, 10-year maturity
(b) Zero coupon, 13-year maturity
(c) 8 percent coupon, 10-year maturity
(d) 8 percent coupon, 13-year maturity
2. When it comes to preventing fraud in an organization, the most critical element of the control environment is:
a. Labeling
b. Communication
c. Monitoring
d. Modeling