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| rev | Admin | (Created page with "'''Solution: E''' A change in face value multiplies all cash flows by the same amount. Therefore, there is no change in the duration. If the coupon rate increases, the coupons become larger, but the redemption value stays the same. This causes payments prior to redemption to receive more weight relative to the payment at redemption and thus the duration will decrease. {{soacopyright | 2023 }}") | Nov 20'23 at 13:52 | +397 |