Question: Question 23 (1 point) What is true about duration? None of the answers is correct Duration for a zero coupon bond is less than its

Question 23 (1 point) What is true about duration? None of the answers is correct Duration for a zero coupon bond is less than its maturity. Duration increases with time to maturity, but at an increasing rate. Duration and yield to maturity are positively correlated. Duration provides a direct measure for interest rate risk as it accounts for time to maturity and the coupon payments

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