Question: Duration is: Multiple Choice the elasticity of a security ' s value to small coupon changes. the weighted average time to maturity of the bond's
Duration is:
Multiple Choice
the elasticity of a securitys value to small coupon changes.
the weighted average time to maturity of the bond's cash flows.
the time until the investor recovers the price of the bond in today's dollars.
greater than maturity for deep discount bonds and less than maturity for premium bonds.
the second derivative of the bond price formula with respect to the yield to maturity.
of
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