With a callable bond, you should not think of duration as a measure of time.
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Q27: Credit risk is also known as
A) Interest
Q28: A basis point is 0.1%.
Q29: Bond prices move inversely with bond yields.
Q30: Everything else being equal, high coupon bonds
Q31: To calculate Macaulay duration, you need to
Q33: If interest rates are positive, modified duration
Q34: If a bond, selling for 98, has
Q35: Modified duration is actually negative, but in
Q36: The bond price/bond yield to maturity relationship
Q37: Duration declines as yield to maturity rises.
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