Duration Is Defined As

Multiple Choice

Duration is defined as:

A) the weighted-average time to maturity of a series of cash flows, using the relative present values of the cash flows as weights
B) the weighted-average present values of a series of cash flows using the timing of the cash flows as weights
C) the standard deviation of the time to maturity of a series of cash flows
D) an asset's or a liability's time to maturity