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Which of the following is most likely a correct statement? Duration increases with maturity with all else constant. Duration is lower when coupon rate is
Which of the following is most likely a correct statement?
Duration increases with maturity with all else constant.
Duration is lower when coupon rate is lower, with others held constant.
For coupon bonds, duration is higher when YTM is lower, with all else constant.
The duration of a zero-coupon bond is higher than its own time to maturity.
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