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Which statement is incorrect? Statement 1: The duration of a zero-coupon bond is the same as its maturity. Statement 2: The longer a bond's duration,

Which statement is incorrect?

Statement 1: The duration of a zero-coupon bond is the same as its maturity.

Statement 2: The longer a bond's duration, the greater its volatility.

Statement 3: The duration of any bond is the same as its maturity.

Group of answer choices

Statement 3

Statement 1

None

Statement 2

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