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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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