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There are two bonds issued by the same company. One pays a coupon of 3%, the other 5%. The market prices of these two bonds
There are two bonds issued by the same company. One pays a coupon of 3%, the other 5%. The market prices of these two bonds imply the same yield. if the two bonds have same duration, which bond is more likely to have a longer maturity? (You need to explain your reasoning in order to earn credits.)
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