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Consider the following bonds. Which of the bonds A to D is most sensitive to a 1% drop in interest rates from 6.7% to 5.7%

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Consider the following bonds. Which of the bonds A to D is most sensitive to a 1% drop in interest rates from 6.7% to 5.7% ? Which bond is least sensitive? Provide an intuitive explanation for your answer. Bond is most sensitive. (Select from the drop-down menu.)

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