11. Duration (LO4, CFA4) Which statement is true for the Macaulay duration of a zero coupon bond?...
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11. Duration (LO4, CFA4) Which statement is true for the Macaulay duration of a zero coupon bond?
a. It is equal to the bond’s maturity in years.
b. It is equal to one-half the bond’s maturity in years.
c. It is equal to the bond’s maturity in years divided by its yield to maturity.
d. It cannot be calculated because of the lack of coupons.
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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