NAIMMCQ Finance The duration of a bond normally increases with an increase in: I. Term to maturity II. Yield to maturity III. Coupon rate

The duration of a bond normally increases with an increase in: I. Term to maturity II. Yield to maturity III. Coupon rate

The duration of a bond normally increases with an increase in:

A. I only

B. I and II only

C. II and III only

D. I, II, and III

Answer: A