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Which of the following bonds will have the largest change in price when interest rates change? A. A 5 year, 3% coupon rate bond with

Which of the following bonds will have the largest change in price when interest rates change?

A. A 5 year, 3% coupon rate bond with a face value of $1,000
B. A 10 year, 3% coupon rate bond with a face value of $1,000
C. A 15 year, 3% coupon rate bond with a face value of $1,000
D. A 20 year, 3% coupon rate bond with a face value of $1,000

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