9-15 Duration of a zero coupon bond is equal to the bond's maturity.

Name: 9-15 Duration of a zero coupon bond is equal to the bond's maturity.
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A zero coupon bond does not pay interest but instead is sold at a discounted price and redeemed for the full face value at maturity. Therefore, the duration of the bond, which measures its sensitivity to changes in interest rates, is equal to its maturity.

9-15 Duration of a Zero Coupon Bond Is Equal to the Bond's