Jacky is not sure about how the market interest rate would change in the future. He is looking for a bond that may give him a stable return in the uncertain market. Which of the following bond most suits his requirement?

Select one:

a. A 20-year zero coupon bond

b. A 5-year zero coupon bond

c. A 3-year 5% coupon bond

d. A 10-year 5% coupon bond

e. A 3-year 3% coupon bond