Question
Which of the following bonds will have the greatest percentage increase in value if all interest rates decrease by 1 percent? Question 3 options: 20-year,
Which of the following bonds will have the greatest percentage increase in value if all interest rates decrease by 1 percent?
Question 3 options:
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20-year, zero coupon bond.
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10-year, zero coupon bond.
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5-year, zero coupon bond.
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1-year, zero coupon bond.
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
2nd Edition
0521514088, 9780521514088
