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Assuming that all bonds have a face value of $1,000 and a yield to maturity of 8%, which of the following bonds will have the

Assuming that all bonds have a face value of $1,000 and a yield to maturity of 8%, which of the following bonds will have the highest degree of price interest rate risk?

A bond with 8% coupon rate that matures in 15 years.

A bond with 6% coupon rate that matures in 15 years.

A bond with 8% coupon rate that matures in 30 years.

A bond with 6% coupon rate that matures in 30 years.

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