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Consider a 4.5%-coupon bond with a remaining maturity of 7 years. Which of the following bonds will have a longer duration than this bond? Note:
Consider a 4.5%-coupon bond with a remaining maturity of 7 years. Which of the following bonds will have a longer duration than this bond? Note: you can select more than one.
a) A 4.5%-coupon bond with a remaining maturity of 6 years
b) A 4.5%-coupon bond with a remaining maturity of 8 years
c) A 3%-coupon bond with a remaining maturity of 7 years
d) A 6%-coupon bond with a remaining maturity of 7 years
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