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Consider a 10% corporate bond maturing on June 10, 2021. If you bought the bond to settle on March 10, 2021 at a yield of

Consider a 10% corporate bond maturing on June 10, 2021. If you bought the bond to settle on March 10, 2021 at a yield of 11%, the bond's duration as of the settlement date is...

	a.	Less than one quarter of a year.
	b.	More than one quarter of a year.
	c.	One quarter of a year.
	d.	One cannot determine the bond's duration using the information provided.

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