The highest duration and maximum price sensitivity relative to years to maturity are produced by O a. A coupon rate equal to the market rate O b. A low coupon rate O c A zero coupon O d. None of the above Duration is used primarily as a measure of O a. The relationship between coupon rate and bond rating O b. Bond price sensitivity to interest rate changes O c The present value of investment inflows Od. None of the above For all bonds of equal risk, the bond that had the greatest duration and therefore the greatest price sensitivity is: O a Treasury bonds Ob. Zero-coupon bonds Oc Corporate bonds O d. Long-term government bonds Conversion value represents the total value of the underlying shares of common stock into which the security may be converted. (True/F Select one True O False