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Which of the following bonds has the highest price risk due to changes in interest rates? A. 12-year, 7 percent coupon bond B. 12-year, 5
Which of the following bonds has the highest price risk due to changes in interest rates?
A. 12-year, 7 percent coupon bond
B. 12-year, 5 percent coupon bond
C. 8-year, 7 percent coupon bond
D. 8-year, 5 percent coupon bond
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