Which of the Following Is NOT True with Respect to Duration

Multiple Choice

Which of the following is NOT true with respect to duration?

A) All else constant,the larger is the bond's maturity,the smaller is the bond's duration.
B) Duration has an interpretation of the bond's average life.
C) Duration can be used to approximate the bond's price change when yields change.
D) The duration of a zero-coupon bond is the maturity of the bond.
E) Modified duration is the duration divided by (1 + y) where y is the bond's yield.