Question: Consider the Zero-Coupon Bond Pricing formula: P = M/(1 + i)^n Match the phrase with the letter of the correct algebraic expression. 1. Dollar Duration

Consider the Zero-Coupon Bond Pricing formula: P = M/(1 + i)^n Match the phrase with the letter of the correct algebraic expression. 1. Dollar Duration ___________ 2. Modified Duration _________ 3. Macaulay Duration ___________ 4. Dollar Convexity ___________ 5. Convexity _____________ a. n b. n(n + 1)/(1 + i)^2 c. nP/(1 + i) d. n(n + 1)P/(1 + i)^2 e. n/(1 + i)

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