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Holding other factors constant, which one of the following bonds has the smallest price volatil- ity? (a) 5-year, 0% coupon bond (b) 5-year, 12% coupon

Holding other factors constant, which one of the following bonds has the smallest price volatil- ity? (a) 5-year, 0% coupon bond (b) 5-year, 12% coupon bond (c) 5 year, 14% coupon bond (d) 5-year, 10% coupon bond (e) Cannot tell from the information given.

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