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Which of the following bonds would have the most re-investment rate risk? A. A 20-year, 11% coupon bond B. A 20-year zero coupn bond C.

Which of the following bonds would have the most re-investment rate risk?

A.

A 20-year, 11% coupon bond

B.

A 20-year zero coupn bond

C.

A 5-year zero coupon bond

D.

A 5-year, 11% coupon bond

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