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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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