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Please rank the following bonds from the most sensitive to a change in market rates to the least sensitive to a change in market rates.

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Please rank the following bonds from the most sensitive to a change in market rates to the least sensitive to a change in market rates. Please assume a flat yield curves with same market yields over all maturities. (Face value = $1,000 for all three bonds) I. 10-year 7% coupon bond sell at par II. 10-year 7% coupon bond sell at premium III. 7-year 8% coupon bond sell at premium a. I, II, III O b. I, III, 11 Oc. II, III, 1 O d

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