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Which of the following bonds would have the most re-investment rate risk? a. A 20-year, 10% coupon bond. b. A 20-year zero coupon bond. c.
Which of the following bonds would have the most re-investment rate risk?
| a. | A 20-year, 10% coupon bond. | |
| b. | A 20-year zero coupon bond. | |
| c. | A 10-year, 10% coupon bond. | |
| d. | A 10-year, zero coupon bond. |
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Stocks For The Long Run
Authors: Jeremy Siegel
6th Edition
1264269803, 978-1264269808
