Consider the following a What is the duration of a
Consider the following.
a. What is the duration of a four-year Treasury bond with a 10 percent semiannual coupon selling at par?
b. What is the duration of a three-year Treasury bond with a 10 percent semiannual coupon selling at par?
c. What is the duration of a two-year Treasury bond with a 10 percent semiannual coupon selling at par?
d. Using these results, what conclusions can you draw about the relationship between duration and maturity?

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