Question
Which of the following bonds will have the lowest interest rate sensitivity if interest rates rises by 1 percent? A. 20-year, zero coupon bond. B.
Which of the following bonds will have the lowest interest rate sensitivity if interest rates rises by 1 percent?
A. 20-year, zero coupon bond.
B. 1-year, 10 percent coupon bond
C. 20-year, 5 percent coupon bond
D. 20-year, 10 percent coupon bond
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
5thEdition
0073382345, 9780073382340
