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    Exam 9: Interest Rate Risk II
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    The Duration of a Consol Bond Is
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The Duration of a Consol Bond Is

Question 71

Question 71

Multiple Choice

The duration of a consol bond is


A) less than its maturity.
B) infinity.
C) 30 years.
D) more than its maturity.
E) given by the formula D = 1/(1-R) .

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