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Which of the following statements is most INCORRECT? Select one: a. Duration measures the decrease in bond price associated with an increase in YTM b.

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Which of the following statements is most INCORRECT? Select one: a. Duration measures the decrease in bond price associated with an increase in YTM b. Duration is the amount of time it takes investors to recap their initial investments c. Duration is longer for greater maturity bonds. d. Duration measures the increase in bond price associated with an decrease in YTM

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