Explain the concept of duration and then comment on the


Explain the concept of duration and then comment on the statement, “It is possible that a bond with a shorter maturity than another bond may actually have a longer duration and be more price sensitive to interest rate changes.” Explain why a bond with a shorter maturity than another bond could have a longer duration; use examples (700 + WORDS).

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Financial Management: Explain the concept of duration and then comment on the
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