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The following bonds are available for purchase right now: Name Maturity Coupon Bonnie 15 years 7% Bob 15 years 9% Betty 10 years 7% Billy

The following bonds are available for purchase right now: Name Maturity Coupon Bonnie 15 years 7% Bob 15 years 9% Betty 10 years 7% Billy 10 years 9% Which bond has the LOWEST interest rate risks? Your investment horizon is 15-years. Which of these Bonds have the LOWEST reinvestment risk?

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