What is the duration of a consol bond that sells at a yield to maturity of 8 percent? 12 percent?
Group of answer choices
A) 12.5 years; 10 years
B) 12.5 years; 8.33 years
C) 13.5 years; 9.33 years
D) 11 years; 9.33 years
E) 13.5 years; 11 years
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