Which statement about duration is true? The lower the coupon payment, the lower is a bond's duration. Duration of zero-coupon bond is equal to its maturity. The higher the coupon payment, the higher is a bond's duration. Duration of a coupon bond is more than its maturity. Question 6 What is a money market? A market which deals in securities that have a maturity for more than a year. A market where a real property is traded for cash. A market where financial securities whose payoff is derived from another sed A market which deals in securities that have a maturity of less than a year