Question: All else being equal, which bond has the greatest interest-rate risk? a. Ten percent coupon bond due 12/15/2023 b. Zero percent coupon bond due 12/15/2035

All else being equal, which bond has the greatest interest-rate risk?

a. Ten percent coupon bond due 12/15/2023

b. Zero percent coupon bond due 12/15/2035

c. Seven percent coupon bond due 12/15/2030

d. Two percent coupon bond due 12/15/2028

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