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Suppose interest rates increase from 8.50% to 9.50%. Which bond will suffer the greater percentage decline in price: a 30-year bond paying annual coupons of
Suppose interest rates increase from 8.50% to 9.50%. Which bond will suffer the greater percentage decline in price: a 30-year bond paying annual coupons of 8.50% or a 30-year zero-coupon bond? O 30-year 8% coupon bond O 30-year zero-coupon bond
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