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1. All else being equal (YTM = 10%), which of the following has the shortest duration? a. 10-year bond with a 3% coupon b. A

1. All else being equal (YTM = 10%), which of the following has the shortest duration?
a.
10-year bond with a 3% coupon
b.
A 30-year bond with a 10% coupon
c.
A 20-year bond with a 9% coupon.
d.
A 10-year bond with a 9% coupon.

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