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Which of the following bonds would be the least sensitive to interest rate changes? zero coupon bond, 20 years maturity. 5% annual coupon, 10 years
Which of the following bonds would be the least sensitive to interest rate changes?
- zero coupon bond, 20 years maturity.
- 5% annual coupon, 10 years maturity.
- 5% annual coupon, 7 years maturity.
- 7% annual coupon, 7 years maturity.
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