单选题
Assuming a flat term structure of interest rates of 5 percent, the
duration of a zero-coupon bond with 5 years remaining to maturity is closest to:
A. 5.00.
B. 4.35.
C. 6.34.
【正确答案】
A
【答案解析】The duration of a zero coupon bond is approximately equal to its time to maturity.