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    Exam 25: Derivatives and Hedging Risk
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    Duration Is Defined as the Weighted Average Time to Maturity
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Duration Is Defined as the Weighted Average Time to Maturity

Question 17

Question 17

Essay

Duration is defined as the weighted average time to maturity of a financial instrument.List at least four other key things you know about duration.

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∙ Low coupon bonds have a higher duratio...

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