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The Duration of a 20-Year Zero-Coupon Bond Is Equal to the Maturity

question 39

True/False

The duration of a 20-year zero-coupon bond is equal to the maturity, regardless of the market rate.


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Drafted

Selected or conscripted for military service, or more broadly, chosen for a specific task or duty.

Decent Housing

Housing that is safe, affordable, and appropriate for the residents, meeting basic living standards.

Densely Populated

An area characterized by a high concentration of people living in a given spatial or geographical unit.

Great Depression

A severe worldwide economic downturn that took place during the 1930s.

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