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Which of the following statements about duration is true? Group of answer choices Duration is the length of time necessary to pay back the investor's

Which of the following statements about duration is true?

Group of answer choices

Duration is the length of time necessary to pay back the investor's original investment.

The duration of a bond is some time longer than the maturity of the bond.

Duration is the investment period necessary to offset price risk and reinvestment risk.

A bond sold at the duration point will always be priced at $1,000.

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