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Which of the following reactions is not affected by an increase in pressure?
Macaulay Duration
A measure of the weighted average time until a bond's cash flows are repaid, used in assessing interest rate risk.
Future Value
The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today, taking into account various factors like interest or returns.
Present Value
The current worth of a future sum of money or stream of cash flows given a specified rate of return.
Coupon Rate
The annual interest rate paid by a bond, expressed as a percentage of the bond's face value.
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