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For which of the following bonds is the price more sensitive to changes in the YTM? Cannot determine which has higher price sensitivity without further

For which of the following bonds is the price more sensitive to changes in the YTM?

  1. Cannot determine which has higher price sensitivity without further information.

  2. 30-year bond with 5% coupon rate and semiannual coupon payment.

  3. Zero coupon bond with 15-year maturity.

  4. (a) and (b) have the same price sensitivity.

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