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Which of the following bonds has the greatest price volatility to interest rate change? 20-year 6% coupon bond 3-year 6% coupon bond 20-year, zero-coupon bond
Which of the following bonds has the greatest price volatility to interest rate change?
20-year 6% coupon bond | ||
3-year 6% coupon bond | ||
20-year, zero-coupon bond | ||
3-year, zero-coupon bond |
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