Question: All else equal, as compared to an annual payment fixed income security, a semi-annual payment security has a Select one: a. Lower duration value and

All else equal, as compared to an annual payment fixed income security, a semi-annual payment security has a Select one: a. Lower duration value and lower market value. b. Higher duration but lower price sensitivity. c. None of the options. d. Lower duration and more cash flows. e. Higher duration and more cash flows

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