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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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