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Basic Question 1 of 15

The higher the coupon rate, the ______ the Macaulay duration for a coupon bond.

A. higher
B. lower
C. The relationship depends if the bond is a premium bond or discount bond.

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Lina

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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.