Consider a zero-coupon bond and a coupon bond (with a non-zero coupon rate) with the same maturity,

(One or more than one options may be correct)

Select one or more:

a. the modified duration of the zero-coupon bond is higher than the modified duration of the coupon bond.

b. the Dollar duration of the zero-coupon bond is higher than the Dollar duration of the coupon bond.

c. the Macaulay duration of the zero-coupon bond is higher than the Macaulay duration of the coupon bond.

d. All of the statements are correct.