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As shown in the chart below, how does the length of maturity affect the spread premium for Kellogg Bonds? The longer the duration, the wider

As shown in the chart below, how does the length of maturity affect the spread premium for Kellogg Bonds?

The longer the duration, the wider the spread premium

The longer the duration, the more the spread premium inverts

The longer the duration, the narrower the spread premium

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