1.What is a consol bond? What is the duration of a consol bond that sells at a yield to maturity of 8 per cent? 10 per cent? 12 per cent? Would a consol trading at a yield to maturity of 10 per cent have a greater duration than a 20-year zero-coupon bond trading at the same yield to maturity? Why? LO 6.1, 6.2