Which of the Following Statements About the Macaulay Duration of a Zero-Coupon

question 39

Multiple Choice

Which of the following statements about the Macaulay duration of a zero-coupon bond is true? The Macaulay duration of a zero-coupon bond

• A) is equal to one-half the bond's maturity in years.
• B) is equal to the bond's maturity in years divided by its yield to maturity.
• C) cannot be calculated because of the lack of coupons.
• D) is equal to the bond's maturity in years.

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