Question: Security ( P ) is a perpetuity, and Security ( Z ) is a zero coupon bond that has 1 5
Security P is a perpetuity, and Security Z is a zero coupon bond that has years remaining until maturity. Both securities have a yield of The duration of Security F
is shorter than the duration of Security Z
is longer than the duration of Security Z
is the same as the duration of Security Z
cannot be defined as perpetuities have no maturity
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