Question: 4. (1) What is the difference between bond maturity and duration? Is any bond's duration equal to its time to maturity? As a rational investor,

 4. (1) What is the difference between bond maturity and duration?

4. (1) What is the difference between bond maturity and duration? Is any bond's duration equal to its time to maturity? As a rational investor, do you prefer bond with longer duration or shorter duration? Explain

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