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5. Which bond has the highest interest rate risk? a. A 15-year 10% coupon bond b. A 15-year 5% coupon bond c. A 15-year zero

5. Which bond has the highest interest rate risk? a. A 15-year 10% coupon bond b. A 15-year 5% coupon bond c. A 15-year zero coupon bond d. A 2-year zero coupon bond

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