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Use the following information for the next three questions. Bond A Bond B Coupon rate 5% 5% Time to maturity (years) 15 30 6. Between

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Use the following information for the next three questions. Bond A Bond B Coupon rate 5% 5% Time to maturity (years) 15 30 6. Between A and B, which bond is more sensitive to an interest rate change? Why? Bond C 10% 30 7. Between B and C, which bond is more sensitive to an interest rate change? Why? 8. Which bond has the highest duration? Why

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