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Can duration of a bond be longer than its maturity? For which type of a bond duration is longer than maturity if your answer to
Can duration of a bond be longer than its maturity? For which type of a bond duration is longer than maturity if your answer to the first question is yes?
a. Yes, for perpetuity
b. Yes, for level annuity
c. Yes, for zero-coupon bond
d. Yes, for all bonds above
e. No, duration cannot be longer than maturity for any type of a bond
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