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8 Mar Which of the followings is not a correct interpretation of duration? O a Duration is an effective maturity which takes coupon payments and

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Mar Which of the followings is not a correct interpretation of duration? O a Duration is an effective maturity which takes coupon payments and yield to maturity into account Ob. The duration of a bond can never exceed its maturity. Oc. Duration measures how long in years will the holder of the bond get back his/her initial investment, O d. None of the above. Unsure

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