Question: [ Q #: 6 , 7 , 8 ] The following bonds ( Par Value = $ 1 , 0 0 0 ) are available

[Q #: 6,7,8] The following bonds (Par Value = $1,000) are available for purchase right now:
Name Maturity Coupon
Bonnie 15 years 9%
Bob 15 years 7%
Betty 10 years 9%
Billy 10 years 7%
6. Which bond has the LOWEST interest rate risks?
7. Which of these Bonds has the LOWEST reinvestment risk?
8. If all the above bonds have a YTM of 8%, which bond would you expect to be priced the lowest

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