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Basic Question 4 of 10
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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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe the relationships among a bond's holding period return, its Macaulay duration, and the investment horizon
define, calculate, and interpret Macaulay duration
CFA® 2026 Level I Curriculum, Volume 4, Module 10.