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Which of the following bonds is the least sensitive to interest rate changes? a. 15 years maturity, 3% coupon. b. 9 years maturity, 3% coupon.
Which of the following bonds is the least sensitive to interest rate changes? a. 15 years maturity, 3% coupon. b. 9 years maturity, 3% coupon. c. 9 years maturity, 5% coupon. d. 9 years maturity, Zero-coupon. e. 15 years maturity, 5% coupon
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