ACI
3I0-012 · Question #189
3I0-012 Question #189: Real Exam Question with Answer & Explanation
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Question
Which of the following statements is correct regarding duration?
Options
- AIt is a measure of the average price of a financial instrument.
- BIt doesn't take into account the timing and market value of cash flows.
- CIt increases if the average coupon increases.
- DIt decreases as maturity decreases
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