Each of the following bonds has a par value of $1000 and the same yield to maturity. Which one is the most sensitive to changes
Each of the following bonds has a par value of $1000 and the same yield to maturity. Which one is the most sensitive to changes in the yield to maturity?
A)20 year maturity selling at $500
B)20 year maturity selling at $1200
C)5 year maturity selling at $900 D)5 year maturity selling at $1100
E)need more info to determine
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Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
