Given the time to maturity, the duration of a zero-coupon bond is higher when the discount rate is: a)higher b)lower c)equal to the risk-free rate d)the bond’s duration is independent of the discount rate e)none of the options

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Given the time to maturity, the duration of a zero-coupon bond is higher when the discount rate is: a)higher b)lower c)equal to the risk-free rate d)the bond’s duration is independent of the discount rate e)none of the options

Given the time to maturity, the duration of a zero-coupon bond is higher when the discount rate is: a)higher b)lower c)equal to the risk-free rate d)the bond’s duration is independent of the discount rate e)none of the options

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