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QUESTION 7 Which of the following statements is true? a. Duration serves as the metric for instantaneous change of a bonds price. b. Duration serves
QUESTION 7
- Which of the following statements is true?
| a. | Duration serves as the metric for instantaneous change of a bonds price. |
| b. | Duration serves as the metric for average change of a bonds price. |
| c. | Duration serves as the metric for average change of a bonds investment horizon. |
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