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Basic Question 2 of 6
The ______ of a zero coupon bond is its time-to-maturity.
B. modified duration
C. effective duration
A. Macaulay duration
B. modified duration
C. effective duration
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
explain how a bond's maturity, coupon, and yield level affect its interest rate risk
CFA® 2026 Level I Curriculum, Volume 4, Module 11.