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Which of the following bonds is most sensitive to changes in market interest rates? Select one: a. 3% coupon, 9 years to maturity b. 4%
Which of the following bonds is most sensitive to changes in market interest rates?
Select one:
a. 3% coupon, 9 years to maturity
b. 4% coupon, 10 years to maturity
c. 3% coupon, 12 years to maturity
d. 5% coupon, 5 years to maturity
e. 6% coupon, 8 years to maturity
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