Question: Question 5 You have two bond coupon with the same maturity, one has a 9% coupon paid semiannually and the other a 8% coupon paid

Question 5 You have two bond coupon with the same maturity, one has a 9% coupon paid semiannually and the other a 8% coupon paid semiannually. Which one has a higher duration and why? a) The 9% coupon bond because a greater portion of the total cashflow will be paid quickly b) The 8% coupon bond because a greater portion of the total cashflow will be paid quickly c) The 9% coupon bond because a smaller portion of the total cashflow will be paid quickly d) The 8% coupon bond because a smaller portion of the total cashflow will be paid quickly

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