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Which of the following statements is (are) correct regarding duration? A. In comparing two bonds with the same yield to maturity and the same maturity,
Which of the following statements is (are) correct regarding duration? A. In comparing two bonds with the same yield to maturity and the same maturity, a bond with a higher coupon rate will have a longer duration. B. In comparing two loans with the same maturity and the same interest rate, a fully amortized loan will have a shorter duration than a loan with a balloon payment. C. The duration will always be shorter than the maturity for all debt instruments. D. All of the above E. B and C
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