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Which of the following statements about Macaulay duration is most accurate? a) The Macaulay Duration of a bond is inversely related to its YTM b)
Which of the following statements about Macaulay duration is most accurate?
a) The Macaulay Duration of a bond is inversely related to its YTM
b) The Macaulay Duration of a bond is positively related to its YTM
c) The longer the maturity of a bond, the shorter the Macaulay Duration
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