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(2-2) The yield rises by 2%.Which bond will have the smallest percentage change in price? Explain. A 20-year, zero coupon bond A 10-year, 5% coupon
(2-2) The yield rises by 2%.Which bond will have the smallest percentage change in price? Explain.
A 20-year, zero coupon bond
A 10-year, 5% coupon bond
A 5-year, 6% coupon bond
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