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For the same maturity, the price of a bond will as the coupon rate increase, decrease decrease, increase in crease, increase Not enough information given
For the same maturity, the price of a bond will as the coupon rate increase, decrease decrease, increase in crease, increase Not enough information given to determine the correct answer. Which of the following is true concerning bond duration? I. It increases as YTM increases. II. It increases as time to maturity increases. III. It increases as coupon rate increases. I, II and III III only I only II only I and III only
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