# 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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**Related Book For**

## Fundamentals Of Investments Valuation And Management

**ISBN:** 9781266824012

10th Edition

**Authors:** Bradford Jordan, Thomas Miller, Steve Dolvin