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The duration of a 40-year, $1,000 bond at a market rate of 4% is _____ the duration of an identical bond at a market rate

The duration of a 40-year, $1,000 bond at a market rate of 4% is _____ the duration of an identical bond at a market rate of 6%. (Points : 3)

greater than less than equal to There is not enough information to tell

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