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Basic Question 5 of 10
The higher the yield-to-maturity, 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 just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
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® 2025 Level I Curriculum, Volume 4, Module 10.