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Maturity (years) 12. Consider the following bonds: Bond Coupon Rate (annual payments) 0% 0% 4% 8% a. What is the percentage change in the price

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Maturity (years) 12. Consider the following bonds: Bond Coupon Rate (annual payments) 0% 0% 4% 8% a. What is the percentage change in the price of each bond if its yield to maturity falls from 6% to 5%? b. Which of the bonds A-D is most sensitive to a 1% drop in interest rates from 6% to 5% and why? Which bond is least sensitive? Provide an intuitive explanation for your

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