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What happens to the duration of a bond when its maturity decreases? O a. The duration of the bond decreases if its maturity decreases Ob

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What happens to the duration of a bond when its maturity decreases? O a. The duration of the bond decreases if its maturity decreases Ob The duration of the bond remains constant if the maturity decreases (the bond duration is uncorrelated with its maturity) Oc. The duration of the bond increases if its maturity decreases d. The duration of the bond becomes negative

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