Which of the following bonds has the greatest price risk?

Select one:

a. A 10-year, $1,000 face value, 10% coupon bond with annual interest payments.

b. A 10-year, $1,000 face value, zero coupon bond.

c. A 10-year $100 annuity.

d. All 10-year bonds have the same price risk since they have the same maturity.