Question: PLEASE ANSWER BOTH 5. State why you would agree or disagree with the fol- lowing statement: As the duration of a zero-coupon bond is equal

PLEASE ANSWER BOTH 5. State why you would agree or disagree

PLEASE ANSWER BOTH

5. State why you would agree or disagree with the fol- lowing statement: As the duration of a zero-coupon bond is equal to its maturity, the price responsive- ness of a zero-coupon bond to yield changes is the same regardless of the level of interest rates. 6. State why you would agree or disagree with the following statement: When interest rates are low, there will be little difference between the Macaulay duration and modified duration measures

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