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If you have a 5 year semi-annual bond with a coupon rate of 15%, and a 6 year semi-annual bond with a coupon rate of

If you have a 5 year semi-annual bond with a coupon rate of 15%, and a 6 year semi-annual bond with a coupon rate of 15%. Which bond's duration will be higher?

a)

None of the answers are correct

b)

Both bonds have the same duration

c)

The 5 year semi-annual bond with a coupon rate of 15%

d)

The question does no provide enough information to provide an answer

e)

The 6 year semi-annual bond with a coupon rate of 15%

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