Please show ALL WORK and give a detailed explanation of your answer. Answer both questions (7-16 and 7-17)

Chapter 7 Bonds and Their Valuation 7-16 Which of the following bonds has the most price risk? Explain your answer. (Hint: Refer to Table 7.2.) a. 7-year bonds with a 5% coupon b. 1-year bonds with a 12% coupon c. 3-year bonds with a 5% coupon d. 15-year zero coupon bonds e. 15-year bonds with a 10% coupon 7-17 Which of the bonds has the most reinvestment risk? Explain your answer. (Hink zefer to Table 7.2.) a. 7-year bonds with a 5% coupon b. 1-year bonds with a 12% coupon c. 3-year bonds with a 5% coupon d. 15-year zero coupon bonds e. 15-year bonds with a 10% coupon