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Which of the following bonds has the greatest volatility (i.e., the modified duration)? (Hint: Duration and the volatility (the modified duration) are positively related.) eight-year

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Which of the following bonds has the greatest volatility (i.e., the modified duration)? (Hint: Duration and the volatility (the modified duration) are positively related.) eight-year zerct coupon bond four-year coupon bond eignt-year coupon bond four-year zero coupon bond

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