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Duration measures: A. The time until the bond matures B. The sensitivity of cash flows to a change in the yield to maturity C. The

Duration measures:

A. The time until the bond matures

B. The sensitivity of cash flows to a change in the yield to maturity

C. The sensitivity of the price of a bond to a change in the bond's yield to maturity

D. The change in maturity when interest rates change

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