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a. What is the percentage change in the price of each bond if its yield to maturity falls from 5% to 4% ? b. Which

a. What is the percentage change in the price of each bond if its yield to maturity falls from 5% to 4% ? b. Which of the bonds A through D is the most sensitive to a 1% drop in interest rates from 5% to 4% and why? Which bond is the least sensitive? Provide an intuitive explanation for your answer. Note: Assume annual compounding

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