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1. Of the following bonds, which one has the lowest degree of interest rate risk? a. 8 years to maturity with a coupon rate of

1. Of the following bonds, which one has the lowest degree of interest rate risk?

a. 8 years to maturity with a coupon rate of 6%

b. 8 years to maturity with a coupon rate of 4%

c.12 years to maturity with a coupon rate of 6%

d.12 years to maturity with a coupon rate of 4%

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