i will upvote

briefly explain why

24. Rank the Macaulay duration from highest to lowest for the following instruments: 1. A 10-year level amortizing mortgage with fixed interest j II. A 10-year interest only mortgage with fixed interest j (hint: interim payments are interest only and all principal paid at maturity) III. The floating side of a 30-year swap where settlement periods are annual, payments at end of the year based on the 1-year spot rate at the beginning of the year A) I > II > III C) II > I > III E) III > II > B) I > III > II D) III > I >