微信扫一扫
实时资讯全掌握
|
Assume you have a 5% coupon bond with a five-year maturity. You are performing sensitivity analysis and comparing the bond to other bonds. Which of the following statements regarding duration is CORRECT? A. Effective duration does not take into account a bond’s option provisions. B. As the yield to maturity of the bond decreases, duration decreases. C. As the coupon of the bond increases, duration increases. D. For a coupon-paying bond, Macaulay duration is always greater than modified duration. |