Multiple Choice
A bond has a face value of $1,000, a coupon rate of 0 percent, yield to maturity of 9 percent, and 10 years to maturity. This bond's duration is
A) 6.7 years.
B) 7.5 years.
C) 9.6 years.
D) 10.0 years.
Correct Answer:
Verified
Correct Answer:
Verified
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