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13. Consider the following bonds: a. What is the percentage change in the price of each bond if its yield to maturity falls from 6%
13. Consider the following bonds: a. What is the percentage change in the price of each bond if its yield to maturity falls from 6% to 5% ? b. Which of the bonds A-D is most sensitive to a 1% drop in interest rates from 6% to 5% and why? Which bond is least sensitive? Provide an intuitive explanation for your
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