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A fixed-income analyst has been assigned the task of ranking three bonds in terms of interest rate risk. Bond Modified Duration Convexity A Yield (bps)

A fixed-income analyst has been assigned the task of ranking three bonds in terms of interest rate risk. Bond Modified Duration Convexity A Yield (bps) A 9.2 147.0 15 B 7.8 38.5 20 C 5.9 12.1 25 Note: The modified duration and convexity statistics are annualized. The A Yield is the projected increase in the annual yield-to-maturity. Rank the bonds in terms of interest rate risk. Note: Calculations need to be madeimage text in transcribed

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