Economics · Banking & Financial Markets
A financial institution holds a Zero-Coupon Bond (ZCB) with a face value of ₹1,000 and a remaining maturity of 5 years. The current Yield to Maturity (YTM) is 8% per annum. What is the Macaulay Duration of this ZCB?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 14.63 years
- 21,000 years
- 38 years
- 45 years✓
Correct answer
5 years
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