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Consider the following three bonds: Bond Price Coupon Rate Time-to-Maturity A 96.000 10% 6 years B 98.000 10% 8 years 105.000 8% 6 years Which

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Consider the following three bonds: Bond Price Coupon Rate Time-to-Maturity A 96.000 10% 6 years B 98.000 10% 8 years 105.000 8% 6 years Which bond will most likely experience the smallest percentage change in price if the market discount rate for all three bonds increases by 100 basis points? Explain your logic in 2-4 sentences. O Bond C O Bond B O Bond A

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