Given the time to maturity, the duration of a zero-coupon bond is higher when the discount rate is
A. higher.
B. lower.
C. equal to the risk-free rate.
D. The bond's duration is independent of the discount rate.
E. None of the options are correct.
D. The bond's duration is independent of the discount rate.
The duration of a zero-coupon bond is equal to the maturity of the bond.
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To avoid becoming the victim of identity theft, ____ visit only reputable online retail sites
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