Which One of the Following Is an Incorrect Statement Concerning

Which one of the following is an incorrect statement concerning duration

A) The higher the yield to maturity, the greater the duration.
B) The higher the coupon, the shorter the duration.
C) The difference in duration is small between two bonds with different coupons each maturing in more than 15 years.
D) The duration is the same as term to maturity only in the case of zero-coupon bonds.
E) All of the statements are correct.

Correct Answer:

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