For a bond selling at par of $1000,when the coupon equals the yield to maturity in the current market,duration then is equal to the bond maturity in years.

Name: For a bond selling at par of $1000,when the coupon equals the yield to maturity in the current market,duration then is equal to the bond maturity in years.
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Duration is less than maturity for a bond selling at par because it accounts for the present value of future cash flows, not just the final payment.

For a Bond Selling at Par of $1000,when the Coupon