As applied to bonds, duration refers to

Question 36 options:

A)	the point in the life of a bond when its price exactly offsets its reinvestment risk.

B)	the point in the life of a bond when its yield-to-maturity equals its expected yield.

C)	the average maturity of a diversified portfolio of corporate bonds.

D)	the average price and annual reinvestment rate of return for a bond.