- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 11. Yield-Based Bond Duration Measures and Properties
- Subject 3. Properties of Bond Duration
CFA Practice Question
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
Correct Answer: A
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