Question: Consider two bonds A and B, each maturing in 10 years. Bond A has a coupon rate of 5% and a yield to maturity of

Consider two bonds A and B, each maturing in 10 years. Bond A has a coupon rate of 5% and a yield to maturity of 3%. Bond B has a coupon rate of 6% and a yield to maturity of 4%. Which bond will have a lower duration? Would your answer change if Bond Bs coupon rate were 5%?

	a.	Bond B, Yes
	b.	Bond A, Yes
	c.	Bond A, No
	d.	Bond B, No

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