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Consider the following bonds: Bond Coupon Rate (annual payments) A 0% B 0% 2% D Maturity (years) 17 10 17 10 8% a. What is

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Consider the following bonds: Bond Coupon Rate (annual payments) A 0% B 0% 2% D Maturity (years) 17 10 17 10 8% a. What is the percentage change in the price of each bond if its yield to maturity falls from 8% to 7%? b. Which of the bonds A-D is most sensitive to a 1% drop in interest rates from 8% to 7% and why? Which bond is least sensitive

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