Which of the following is TRUE

Question $18$Answer

a$.$

The Duration of a par bond always increases with Maturity

b$.$

Macaulay duration of zero coupon bonds is equal to its Maturity in years

c$.$

All of these

d$.$

For a given maturity, Duration $($Zero coupon$)>$ Duration $($Discount$)>$ Duration $($Par$)>$ Duration $($Premium$)$