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Each of the following bonds has a par value of $1000 and the same yield to maturity. Which one is most sensitive to changes in
Each of the following bonds has a par value of $1000 and the same yield to maturity. Which one is 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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