Select the answer/answers that is/are correct. (this question worth 2 points).

Group of answer choices

a.)Duration shows the weighted average time of receiving the par value of the bond

b.)If bond A's duration is 4 and bond B is a 3-year, zero coupon bond, then bond A is more volatile to interest rate changes compared to bond B.

c.)Investors face price risk and reinvestment risk when market rates change

d.)Duration of a zero coupon bond equals to the YTM of the bond.

e.)The price risk and the reinvestment risk offset each other if the duration equals to the maturity of the bond