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Using the information below, which bond has the greatest money duration per 100 of par value assuming annual coupon payments and no accrued interest? Bond

Using the information below, which bond has the greatest money duration per 100 of par value assuming annual coupon payments and no accrued interest?

Bond

Time-to-

Maturity

Price Per 1000 of Par Value

Coupon Rate

Yield-to-Maturity

Modified

Duration

A

7

798

8%

15

7,8%

B

9

840

8%

13

6,6%

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