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 in

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)