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A financial consultant made the following comment while addressing a team of newly hired portfolio managers:The accuracy of duration measures is improved by choosing a

A financial consultant made the following comment while addressing a team of newly hired portfolio managers:The accuracy of duration measures is improved by choosing a smaller yield-to-maturity change.The statement is most accurate with respect to:

A. modified duration only

.B. effective duration only.

C. modified duration and effective duration.

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