#5) Which of the following bond prices is most sensitive to market rate changes? The par value is $100 for all.

a) 6-year, 5.5-percent coupon rate, yield 5.5 percent

b) 4-year, 7-percent coupon rate, yield 5.6 percent

c) 8.5-year, 5-percent coupon rate, yield 5.5 percent

d) 12-year, 5-percent coupon rate, yield 5.5 percent