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Given a series of semi - annual coupon - paying bonds, all having a coupon rate of 5 % and a face value of $
Given a series of semiannual couponpaying bonds, all having a coupon rate of and a face value of $
When the yieldtomaturity increases from to which one of the following bonds will exhibit the smallest decrease in price?
Answer Choices:
a Bond with years to maturity
b Bond with years to maturity
c Bond with years to maturity
dBond with years to maturity
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