Question: Suppose that yields ( ytm ) for every maturity suddenly drop by 3 % . Which of the following bonds will be affected the most

Suppose that yields (ytm) for every maturity suddenly drop by 3%. Which of the following bonds will be affected the most (in terms of percentage
change in price)?
a. A zero-coupon bond with maturity 3 years
b. A zero-coupon bond with maturity 5 years
c. A coupon bond with coupon rate 20% and maturity 3 years
d. All bonds will be affected the same
e. A coupon bond with coupon rate 20% and maturity 5 years
f. A coupon bond with coupon rate 10% and maturity 3 years
g. Bond prices are not affected by yields
h. A coupon bond with coupon rate 10% and maturity 5 years
 Suppose that yields (ytm) for every maturity suddenly drop by 3%.

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