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Bond Hi-Coupon: Face value $1000, maturity 10 years, coupon rate 15% paid annually. It is currently traded at a YTM of 10%. You calculate the

Bond Hi-Coupon: Face value $1000, maturity 10 years, coupon rate 15% paid annually. It is currently traded at a YTM of 10%. You calculate the interest rate risk of the bond and find it to be 5.782% (check this!). Bond Zero-coupon: Face value $1000, maturity 10 years. This bond is also currently traded at a YTM of 10%. What is the interest rate risk of this bond?

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