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11. Which of the following bonds has (a) the highest interest rate risk and (b) the highest reinvestment risk? Explain your answer. (4 points) -
11. Which of the following bonds has (a) the highest interest rate risk and (b) the highest reinvestment risk? Explain your answer. (4 points)
- 7-year bonds with a 5% coupon
- 1-year bonds with a 12% coupon
- 3-year bonds with a 5% coupon
- 15-year zero coupon bonds
- 15-year bonds with a 10% coupon
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