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Which of the following bonds has the smallest price risk? a. A 3-year 10% annual coupon bond with a $1,000 maturity value. b. A 5-year
Which of the following bonds has the smallest price risk?
a. A 3-year 10% annual coupon bond with a $1,000 maturity value.
b. A 5-year zero coupon bond with a $1,000 maturity value.
c. A 5-year 5% annual coupon bond with a $1,000 maturity value.
d. A 10-year 7% annual coupon bond with a $1,000 maturity value.
e. A 3-year 5% annual coupon bond with a $1,000 maturity value.
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