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12. You predict that interest rates are about to increase by 0.1%. Which of the following bonds will show the largest percentage price drop? a.

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12. You predict that interest rates are about to increase by 0.1%. Which of the following bonds will show the largest percentage price drop? a. 10-year zero coupon bond with 8% YTM b. 20-year zero coupon bond with 8% YTM c. 10-year zero coupon bond with 12% YTM d. 20-year zero coupon bond with 9% YTM

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