Which of the Following Is Not a Typical Property of a Discount

Multiple Choice

Which of the following is not a typical property of a discount function $d ( t )$ ?

A) $d ( t )$
Is non-decreasing in the maturity
$t$
)
B) $d ( t )$
Is non-increasing in the maturity
$t$
)
C) $d ( t )$
Decreases as the zero-coupon rate
$z ( t )$
For maturity
$t$
Increases.
D) $d ( t )$
Is independent of compounding convention.