Question: I need to know how to work out the problem by hand. Thanks for any and all help! 12. All other things equal, which bond

I need to know how to work out the problem by hand. Thanks for any and all help!

I need to know how to work out the problem by hand.

12. All other things equal, which bond has the largest duration? a) 20 year maturity and 11% coupon b) 5 year maturity and 6% coupon c) 20 year maturity and 6% coupon d) 5 year maturity and 11%coupon

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