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Business, 25.07.2019 06:00 ayoismeisalex

As applied to bonds, duration refers to a. the average price and annual reinvestment rate of return for a bond. b. the point in the life of a bond when its yield-to-maturity equals its expected yield. c. the average maturity of a diversified portfolio of corporate bonds. d. the point in the life of a bond when its price risk exactly offsets its reinvestment risk.

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As applied to bonds, duration refers to a. the average price and annual reinvestment rate of return...

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