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SAT, 18.10.2021 16:50 isabel2417

longer maturity bonds have high -select- risk but low -select- risk, while higher coupon bonds have a higher level of -select- risk and a lower level of -select- risk. to account for the effects related to both a bond's maturity and coupon, many analysts focus on a measure called -select- , which is the weighted average of the time it takes to receive each of the bond's cash flows.

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