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Basic Question 1 of 15
The higher the coupon rate, the ______ the Macaulay duration for a coupon bond.
B. lower
C. The relationship depends if the bond is a premium bond or discount bond.
A. higher
B. lower
C. The relationship depends if the bond is a premium bond or discount bond.
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Learning Outcome Statements
explain how a bond's maturity, coupon, and yield level affect its interest rate risk;
CFA® 2024 Level I Curriculum, Volume 5, Module 46.