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Which of the following Canadas has the longest duration? A. A 5-year bond with a 5 percent coupon rate. B. A 5-year bond with a
Which of the following Canadas has the longest duration? A. A 5-year bond with a 5 percent coupon rate. B. A 5-year bond with a 10 percent coupon rate. C. A 10-year bond with a 10 percent coupon rate. D. A 20-year bond with a 5 percent coupon rate. E. A 20-year bond with a 10 percent coupon rate.
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