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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