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Which of the following statements about a bond's duration is incorrect? The higher the coupon rate the shorter the bonds duration Duration is the weighted

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Which of the following statements about a bond's duration is incorrect? The higher the coupon rate the shorter the bonds duration Duration is the weighted average time to maturity of an investment using the present value of cash flows as welghts. Duration overestimates price declines associated with large increases in interest rates The higher the bond's yield to maturity, the longer the band's duration

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