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One Treasury bond has a duration of 3.8 and another Treasury bond has a duration of 9.9 years. Interest rates have decreased. Which one has
One Treasury bond has a duration of 3.8 and another Treasury bond has a duration of 9.9 years. Interest rates have decreased. Which one has seen the biggest change?
a. | Changed the same | |
b. | The 9.9 duration bond | |
c. | Impossible to know | |
d. | The 3.8 duration bond |
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