All other things the same, low coupon bonds have greater relative price volatility than high coupon bonds.
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Q21: A bond that has an annual coupon
Q22: A bond's Macaulay duration is 7.95 years.
Q23: A 90-day Treasury bill is quoted as
Q24: What is the Macaulay's duration of a
Q25: A bank buys a $10,000 Treasury bill
Q27: All other things the same, longer maturity
Q28: A stripped security:
A) pays no interest.
B) has
Q29: The effective annual interest rate will never
Q30: The greater the compounding frequency, the higher
Q31: The Macaulay's duration of a 10-year, 10%
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