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1 3 . The following four issues are all option - free bonds; which has the greatest interest rate risk? Issue Coupon Maturity Yield required

13. The following four issues are all option-free bonds; which has the greatest interest rate risk?
Issue Coupon Maturity Yield required by market
A 6.50%12 years 7%
B 7.25%12 years 7.40%
C 6.50%12 years 7.20%
D 7.50%11 years 8%

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