Question
what happens to the duration of a bond when its maturity increases? A.the duration of the bond becomes negative b.the duration of the bond decreases
what happens to the duration of a bond when its maturity increases?
A.the duration of the bond becomes negative
b.the duration of the bond decreases if its maturity increases
C. the duration of the bond remains constant if the maturity increases (the bond duration is uncorrelated with its maturity)
D.the duration of the bond increases if its maturity increases
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
