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11. Two 10-year bonds have annual effective yields of 6.5%. Bond A pays annual coupons of 70 and has a maturity value of 950 .

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11. Two 10-year bonds have annual effective yields of 6.5%. Bond A pays annual coupons of 70 and has a maturity value of 950 . Bond B pays annual coupons of 80 and has a maturity value of 1,000 . Bond C pays annual coupons of 90 and has a maturity value of 1,050 . If there is a small increase in market interest rates that affects all three bonds, which bond will have the largest percentage decrease in price? A) Bond A B) Bond B C) Bond C D) The percentage changes will be equal. E) Can not be determined from the information given

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