1. The duration of a bond with a coupon rate of 8% (paid annually), a yield to maturity of 8% and a remaining time to maturity of 5 years is

	A.	5 years.
	B.	5.4 years.
	C.	4.17 years.
	D.	4.31 years.

1. The duration of a 6-year zero-coupon bond is

	A.	smaller than 6.
	B.	larger than 6.
	C.	equal to 6.
	D.	equal to that of a 6-year 10% coupon bond.