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Assume that all interest rates in the economy increase from 9 percent to 10 percent. Which of the following bonds will have the SMALLEST percentage

Assume that all interest rates in the economy increase from 9 percent to 10 percent. Which of the following bonds will have the SMALLEST percentage decrease in price?

a.
3 percent coupon, 3 year maturity

b.
30 percent coupon, 30 year maturity

c.
3 percent coupon, 30 year maturity

d.
30 percent coupon, 3 year maturity

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	a.	3 percent coupon, 3 year maturity
	b.	30 percent coupon, 30 year maturity
	c.	3 percent coupon, 30 year maturity
	d.	30 percent coupon, 3 year maturity