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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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