Multiple Choice
Which of the following statements is true regarding duration?
A) increases with the maturity of a fixed-income security but at a decreasing rate.
B) decreases as the yield on a security increases.
C) decreases as the coupon or interest payment increases.
D) is equal to the maturity of an immunized security.
E) all of the above are true.
Correct Answer:

Verified
Correct Answer:
Verified
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