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14. Which of the following bonds would have the smallest change in price (in percentage terms) for a given change in interest rates (that is,

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14. Which of the following bonds would have the smallest change in price (in percentage terms) for a given change in interest rates (that is, in yield to maturity)- that is, if the yield to maturity on a bond increases from 8% to 10%, all else constant, which of the following bond prices will change the least (in percentage terms)? a. A $1000 par value bond with a 10% coupon rate (annual payments) that matures in 2 years. b. A $1000 par value bond with a 10% coupon rate (semi-annual payments) that matures in 25 years. c. A $1000 par value bond with a 2% coupon rate (annual payments) that matures in 4 years. d. A $1000 par value bond with a 2% coupon rate (semi-annual payments) that matures in 30 years. e. The bond that changes the most in price percentage terms) cannot be determined from the information given

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