If You Choose a Zero Coupon Bond with a Maturity

If you choose a zero coupon bond with a maturity that matches your investment horizon which of the following statements is/are correct?
I.You will have no interest rate risk on this bond.
II.Absent default,you can be sure you will earn the promised yield rate.
III.The duration of your bond is less than the time to your investment horizon.

A) I only
B) I and II only
C) II and III only
D) I, II and III

Correct Answer:

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