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All other things equal ( Y T M = 1 0 % , which of the following has the longest duration? A ) A 3

All other things equal

(Y T M = 10 %,

which of the following has the longest duration?

)

30 -

year bond with a

10 %

coupon

)

20 -

year bond with a

9 %

coupon

)

20 -

year bond with a

7 %

coupon

)

10 -

year zero

-

coupon bond

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