Question: Which bond has the longest duration? a. 8-year maturity, 6 percent coupon b. 8-year maturity, 11 percent coupon c. 15-year maturity, 6 percent coupon d.

Which bond has the longest duration?

a. 8-year maturity, 6 percent coupon b. 8-year maturity, 11 percent coupon c. 15-year maturity, 6 percent coupon d. 15-year maturity, 11 percent coupon

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