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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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