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Rank the interest sensitivity of the following from the most sensitive to an interest rate change to the least sensitive: I. 6% coupon 15-year maturity

Rank the interest sensitivity of the following from the most sensitive to an interest rate change to the least sensitive:

I. 6% coupon 15-year maturity bond

II. 7% coupon 15-year maturity bond

III. Zero-coupon 20-year maturity bond

A.

II, III, I

B.

I, II, III

C.

III, II, I

D.

III, I, II

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