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Which of the following statements about the Macaulay duration of a coupon rate is true? a) The duration does not change after the bond is

Which of the following statements about the Macaulay duration of a coupon rate is true?

a) The duration does not change after the bond is issued

b) The duration will decrease as the yield to maturity decreases

c) None of the statements are true

d) The duration can precisely predict the price change of the bond for any interest rate change

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