Given the Time to Maturity, the Duration of a Zero-Coupon

question 11

Multiple Choice

Given the time to maturity, the duration of a zero-coupon bond is higher when the discount rate is

• A)higher.
• B)lower.
• C)equal to the risk-free rate.
• D)the bond's duration is independent of the discount rate.
• E)None of the options

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Definitions:

Organizational Behavior

The study of how individuals and groups interact within organizations and the impact of these behaviors on performance and structure.

Representation

The action of speaking or acting on behalf of someone or the state of being so represented.

Leadership

The ability to influence, motivate, and enable others to contribute toward the effectiveness and success of the organizations of which they are members.

Coordination

The process of organizing people or groups so that they work together properly and well.