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Which of the following bond has the highest interest rate risk? a) 20-y & 4% coupon b) 10-y & 4% coupon c) 30-y & 2%

Which of the following bond has the highest interest rate risk?

a) 20-y & 4% coupon

b) 10-y & 4% coupon

c) 30-y & 2% coupon

d) 30-y & 4% coupon

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