Question: Which bond has a higher duration? a. Bond A is a 20-year 8% coupon bond selling at par. b. Bond B is a 20-year

Which bond has a higher duration? a. Bond A is a 20-year

Which bond has a higher duration? a. Bond A is a 20-year 8% coupon bond selling at par. b. Bond B is a 20-year 8% coupon bond selling at a discount.

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