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(1) Which one of the following bonds has the least interest rate risk? Choose one A. 3-year; 4 percent coupon B. 3-year; 6 percent coupon

(1) Which one of the following bonds has the least interest rate risk? Choose one

A. 3-year; 4 percent coupon

B. 3-year; 6 percent coupon

C. 5-year; 6 percent coupon

D. 7-year; 6 percent coupon

E. 7-year; 4 percent coupon

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