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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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