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(3 MARKS) Given the coupon rate and discount rate, the price sensitivity of a coupon-paying bond a. Increases at decreasing rate as maturity increases b.

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(3 MARKS) Given the coupon rate and discount rate, the price sensitivity of a coupon-paying bond a. Increases at decreasing rate as maturity increases b. Is independent from its maturity c. Increases at constant rate as maturity increases d. Increases at increasing rate as maturity increases e. Decreases at decreasing rate as maturity increases

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