The duration of a liability that does not pay interest must be equal to 0.

Name: The duration of a liability that does not pay interest must be equal to 0.
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The duration of a liability that does not pay interest, such as a zero-coupon bond, is equal to its time to maturity, not 0, because duration measures the sensitivity of the bond's price to changes in interest rates, which is related to the time until the bond's cash flows occur (in this case, at maturity).

The Duration of a Liability That Does Not Pay Interest