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Question
All else constant, which of the following will decrease the Macaulay duration of a straight bond?I. reducing the coupon payment
II. shortening the time to maturity
III. lowering the yield to maturity
A. I only
B. II only
C. II and III only
D. I and II only
E. I and III only
Answer
This answer is hidden. It contains 16 characters.
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