In 750 to 1,000 words, using APA 6th ed. format, explain the concept of duration and then comment on the statement,

| March 14, 2016

In 750 to 1,000 words, using APA 6th ed. format, 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. (LO 4)

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