18) You notice RW, Inc has the following bonds outstanding. All have a maturity of three years, the same credit rating, and are pari passu (meaning equal in priority). Bond Coupon Special Provisions 4.00% Option-free bond 4.00% Callable at par at the end of years 1 and 2 4.00% Putable at par at the end of years 1 and 2 1-year LIBOR Floating rate bond Which bond do you expect to have the lowest duration? a) Bond A b) Bond B c) Bond d) Bond D 19) For the bonds listed in problem 18, if 3-year YTM for RW bonds average 3%, all else being equal, which bond do you expect will be priced the highest? a) Bond A b) Bond B c) Bond C d) Bond D