Rank the interest sensitivity of the following from most sensitive (to an interest rate change) to the least sensitive. I. 8-year bond with 8.9% coupon rate (payable annually) and YTM = 3% EAR II. 7-year bond with 8.9% coupon rate (payable semi-annually) and YTM = 3% EAR III. 7-yeN bond with 8.8% coupon rate (payable daily) and YTM = 3% EAR. O a. III, 1, 11 O b. I, III, 11 O c. I, II, III O d. II, III, I