Question: Below are four option - free bonds with the same YTM . Which of the bonds will have the lowest duration? a . A 1

Below are four option-free bonds with the same YTM. Which of the bonds will have the lowest duration?
a.
A 15-year 12% coupon bond
b.
A 15-year 7% coupon bond
c.
An 8-year 12% coupon bond
d.
An 8-year 7% coupon bond

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