Question
For non-zero coupon bonds duration always exceeds maturity duration always equals maturity duration is always less than maturity duration is shorter for longer maturities duration
For non-zero coupon bonds
| duration always exceeds maturity | ||
| duration always equals maturity | ||
| duration is always less than maturity | ||
| duration is shorter for longer maturities | ||
| duration does not depend on maturity |
Large differences in yields between municipal and corporate bonds are explained by differences in
| default risk | ||
| marketability | ||
| maturity | ||
| tax treatment | ||
| embedded options |
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Take Charge Of Your Money Now Essential Strategies For Winning In Any Financial Climate
Authors: A.J. Monte, Rick Swope
1st Edition
0345517334, 978-0345517333
