Question: Which likely has a longer duration - a 3 0 - year 5 % coupon bond or a 3 0 - year 5 % mortgage?

Which likely has a longer duration - a 30-year 5% coupon bond or a 30-year 5% mortgage? A) The 30-year mortgage
B) The 30-year bond
C) Both have the same duration
D) It is not possible to determine without more information

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