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Which of the following statements about the Macaulay duration of a coupon bond is true? Select one alternative: The duration does not change after the

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Which of the following statements about the Macaulay duration of a coupon bond is true? Select one alternative: The duration does not change after the bond is issued. None of the other statements is true. The duration can precisely predict the price change of the bond for any interest rate change. The duration will decrease as the yield to maturity decreases

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