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Which of the following bonds has the most price risk? Explain your answer. a. 7-year bonds with a 5% coupon. b. 1-year bonds with a

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Which of the following bonds has the most price risk? Explain your answer. a. 7-year bonds with a 5% coupon. b. 1-year bonds with a 12% coupon. c. 3-year bonds with a 5% coupon. d. 15-year zero coupon bonds. 15-year bonds with a 10% coupon

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