Duration is affected primarily by

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Duration is affected by all three options listed. The maturity of the bond affects its duration because bonds with longer maturities have higher durations. The market rate of interest affects duration as well because as interest rates increase, the duration of a bond will decrease. Likewise, as interest rates decrease, duration will increase. The coupon rate also affects duration because bonds with lower coupon rates have higher durations than those with higher coupon rates. Therefore, all of the above listed factors affect duration.

Duration Is Affected Primarily by