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Given its time to maturity the duration of a zero coupon bond is O the same regardless of the discount rate O lowest when
Given its time to maturity the duration of a zero coupon bond is O the same regardless of the discount rate O lowest when the discount rate is equal to the risk free rate higher when the discount rate is lower higher when the discount rate is higher
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Fundamentals of Corporate Finance
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
12th edition
007353062X, 73530628, 1260153592, 1260153590, 978-1260153590
