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17) Consider now the 3 following bonds: 1 Bond A has a constant coupon c over n years, and a terminal amount of 1 .
17) Consider now the 3 following bonds: 1 Bond A has a constant coupon c over n years, and a terminal amount of 1 . Bond B has a coupon increasing linearly every year and a terminal amount of 1 , and the sum of all coupons is equal to nc (i.e. is the same as bond A ). Bond C is similar to bond B except that the coupon is linearly decreasing every year. Without doing any calculations, please rank these 3 bonds by increasing price and explain qualitatively why
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