Which of the following bonds has the highest interest rate risk? A. A 10-year zero-coupon bond. B.
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B. A 5-year zero-coupon bond.
C. A 10-year bond with a 10 percent annual coupon.
D. A 5-year bond with 12 percent annual coupon.
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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