Which statement is true for the Macaulay duration of a zero coupon bond? a. It is equal
Question:
Which statement is true for the Macaulay duration of a zero coupon bond?
a. It is equal to the bond’s maturity in years.
b. It is equal to one-half the bond’s maturity in years.
c. It is equal to the bond’s maturity in years divided by its yield to maturity.
d. It cannot be calculated because of the lack of coupons.
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The correct statement is a It is equal to the bonds maturity in years Heres why Macaulay duration me...View the full answer
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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