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Which of the following is correct about the application of duration? a. Duration can be used to provide an exact price impact from changes in

Which of the following is correct about the application of duration?

a. Duration can be used to provide an exact price impact from changes in interest rates.

b. Yield curve risk (interest rate levels) does not impact duration.

c. None of the choices provided are correct.

d. Only the time to maturity and the coupon rate are necessary to calculate (determine) duration.

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