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Given the following two bonds, which would exhibit the greatest duration and sensitivity to a change in the overall market interest rate? TELL WHY! a.

Given the following two bonds, which would exhibit the greatest duration and sensitivity to a change in the overall market interest rate? TELL WHY!

a. AAA-Rated, 4.75% coupon, 15 year maturity, priced at par, 100.0

b. BB-Rated, 7.875%, 7 year maturity, priced at 104.0

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