Which of the following statements about the Macaulay duration of a zero-coupon bond is true? The Macaulay duration of a zero-coupon bond:
A) Is equal to the bond's maturity in years.
B) Is equal to one-half the bond's maturity in years.
C) Is equal to the bond's maturity in years divided by its yield-to-maturity.
D) Cannot be calculated because of the lack of coupons.
Correct Answer:
Verified
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